Form 4: ConocoPhillips Director William H. McRaven Acquires Stock Units

Director William H. McRaven acquired 2,093 stock units of ConocoPhillips, convertible to common stock, as reported in a recent SEC filing.

Summary

• William H. McRaven, a director at ConocoPhillips, acquired 2,093 stock units on January 15, 2025.
• These stock units are convertible to ConocoPhillips common stock on a 1-for-1 basis.
• The price of the stock units was $105.155 each.
• Mr. McRaven has elected to receive payment for these units in three annual installments starting six months after his separation from service, though this schedule can be changed.
• The filing also includes units acquired through routine dividend transactions.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive. The acquisition of stock units by a director can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of stock units by a director could be seen as a positive sign of confidence in the company's future.

Future Outlook

The stock units will convert to common stock, with payment in installments after separation from service, subject to potential schedule changes.

Industry Context

This is a routine filing related to director compensation and is common in the oil and gas industry.

Comparison to Industry Standards

• Director stock unit grants are a common form of compensation in the oil and gas industry, similar to practices at companies like ExxonMobil and Chevron.
• The vesting and payout schedule is also typical, often tied to continued service or retirement.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

ConocoPhillips, Stock Units, Director, SEC Form 4, William H. McRaven, Beneficial Ownership, Equity Securities