Form 4: ConocoPhillips Executive Vice President Bullock Reports Stock Transactions

Executive Vice President and CFO of ConocoPhillips, William L. Bullock Jr., reports the acquisition and disposal of company stock and stock units.

Summary

• William L. Bullock Jr., Executive Vice President and CFO of ConocoPhillips, reported transactions involving company stock and stock units on November 20, 2024.
• Mr. Bullock acquired 532 shares of common stock through the vesting of stock units.
• He also disposed of 532 shares of common stock to cover tax obligations at a price of $113.315 per share.
• Following these transactions, Mr. Bullock directly owns 44,153 shares of common stock.
• He also indirectly owns 5,388.716 shares through the ConocoPhillips Savings Plan and 266 shares through the William L. Bullock Family Trust.
• Additionally, Mr. Bullock holds 13,714.3654 stock units, which represent ConocoPhillips common stock on a 1-for-1 basis.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions, which are neither positive nor negative in themselves. The transactions are part of standard executive compensation practices.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives who receive stock-based compensation, such as stock units and restricted stock.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

ConocoPhillips, stock transactions, insider trading, Form 4, William L. Bullock Jr., stock units, executive compensation