Form 4: ConocoPhillips Executive Vice President Nicholas G. Olds Reports Stock Transactions
SEC Form 4
Executive Vice President Nicholas G. Olds of ConocoPhillips reports the acquisition and disposal of company stock, including transactions related to stock options and sales on March 25, 2024.
Summary
- On March 25, 2024, Nicholas G. Olds, an Executive Vice President at ConocoPhillips, engaged in transactions involving ConocoPhillips common stock.
- Olds exercised stock options to acquire 12,150 shares at a price of $49.755 per share.
- Simultaneously, Olds sold 12,150 shares at a weighted average price of $126.4428, with individual sales ranging from $126.44 to $126.46.
- Following these transactions, Olds directly owns 14,522 shares of ConocoPhillips common stock.
- Olds also indirectly owns 1,279.801 shares through the ConocoPhillips Savings Plan, including shares acquired through dividend transactions and a qualified plan.
- Olds directly owns 12,150 stock options.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
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 executive's investment activities in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like ConocoPhillips.
- Similar transactions are regularly reported by executives at companies such as ExxonMobil (XOM), Chevron (CVX), and Shell (SHEL).
- These filings are mandated by the SEC to ensure transparency and prevent insider trading, aligning with standard corporate governance practices.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/14/2020 | Date stock options were exercisable |
| 02/13/2024 | Power of Attorney filed with the Commission |
| 02/14/2027 | Expiration date of stock options |
| 03/25/2024 | Date of stock option exercise and stock sale |
| 03/26/2024 | Date of signature |
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