Form 4: Nelda J. Connors Acquires 106 ConocoPhillips Stock Units

Director Nelda J. Connors acquired 106 stock units of ConocoPhillips (COP) on September 30, 2024, convertible to common stock.

Summary

• On September 30, 2024, Nelda J. Connors, a director of ConocoPhillips, acquired 106 stock units.
• These stock units are convertible to ConocoPhillips common stock on a 1-for-1 basis.
• The price of the stock units was $104.725.
• Following the transaction, Connors directly owns 770 shares.
• Connors has elected to receive payment as a lump sum six months following separation from service, but can change this election.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director acquiring stock units, which is generally a positive sign but not significantly impactful.

Positives

• The acquisition of stock units by a director signals confidence in the company's future performance.

Future Outlook

The reporting person has elected to receive payment as a lump sum six months following separation from service, which election may be changed by the reporting person to provide for an alternative schedule of deferred payments.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of directors and officers, which can provide insights into their perspectives on the company's prospects.

Stakeholder Impact

• The acquisition of stock units by a director could have a slightly positive impact on shareholder sentiment.

Key Dates