Form 4: ConocoPhillips Executive Kirk L. Johnson Reports Stock Transactions

Senior Vice President Kirk L. Johnson of ConocoPhillips reports the acquisition and disposal of common stock and stock units on February 8, 2025.

Summary

• On February 8, 2025, Kirk L. Johnson, a Senior Vice President at ConocoPhillips, reported transactions involving ConocoPhillips common stock and stock units.
• Johnson acquired 3,216 shares of common stock through the conversion of stock units.
• He also disposed of 819 shares to cover tax obligations at a price of $99.36 per share.
• Following these transactions, Johnson directly owns 9,227 shares of ConocoPhillips common stock.
• The reported stock units represent ConocoPhillips common stock on a 1-for-1 basis and settle three years from the grant date, with provisions for earlier settlement under specific circumstances.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It allows investors to monitor the actions of key executives and their potential impact on the stock's performance.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by executives at companies like ExxonMobil (XOM) and Chevron (CVX) when they trade their company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.

Key Dates

Keywords

ConocoPhillips, COP, stock units, common stock, Form 4, insider trading, Johnson, executive compensation, equity securities