Form 4: ConocoPhillips Executive Vice President Transfers Shares to Family Trust

Executive Vice President and CFO of ConocoPhillips, William L. Bullock Jr., transferred 41,254 shares of common stock to a family trust on December 27, 2024.

Summary

• William L. Bullock Jr., Executive Vice President and CFO of ConocoPhillips, reported a transaction involving the transfer of 41,254 shares of ConocoPhillips common stock.
• The shares were transferred to The Sharon D. Bullock 2024 Family Trust on December 27, 2024.
• Mr. Bullock disclaims beneficial ownership of the shares held by the trust, except to the extent of his pecuniary interest.
• The reporting person also indirectly owns 5,428.392 shares through the ConocoPhillips Savings Plan and 266 shares through the William L. Bullock Family Trust.
• These indirect holdings include units acquired through routine dividend transactions and a qualified plan.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a stock transfer, which is neither positive nor negative from an investment perspective.

Industry Context

This is a routine filing related to executive stock ownership and is not indicative of any broader industry trends.

Comparison to Industry Standards

• Executive stock transfers to family trusts are a common practice among publicly traded companies.
• These transactions are typically disclosed through SEC Form 4 filings, as seen in this case.
• Similar filings can be observed for executives at other major energy companies such as ExxonMobil (XOM) and Chevron (CVX).

Stakeholder Impact

• The transaction has no direct impact on shareholders, employees, customers, suppliers, or creditors as it is a transfer of ownership, not a sale.

Key Dates

Keywords

ConocoPhillips, SEC Form 4, Beneficial Ownership, Stock Transfer, Family Trust, Executive Compensation, William L. Bullock Jr., COP