ConocoPhillips (NYSE: COP) executive plans $1.3M stock sale
Rhea-AI Filing Summary
CONOCOPHILLIPS (COP) received a Rule 144 notice that officer Andrew D. Lundquist, acting through Fidelity Brokerage Services LLC as broker, plans to sell up to 9,487 shares of ConocoPhillips common stock on the NYSE on or before 08/21/2026. The shares derive from restricted stock vesting awards received as compensation in February 2023 and February 2024.
Positive
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Negative
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Key Figures
Shares proposed to be sold: 9,487 shares
Aggregate market value of shares: $1,282,171.84
Restricted stock vesting award 1: 3,584 shares
+2 more
5 metrics
Shares proposed to be sold
9,487 shares
Common stock under Rule 144 notice for Andrew D. Lundquist
Aggregate market value of shares
$1,282,171.84
Value associated with the 9,487 COP shares covered by the notice
Restricted stock vesting award 1
3,584 shares
Vesting on 02/19/2023 as compensation from the issuer
Restricted stock vesting award 2
5,903 shares
Vesting on 02/09/2024 as compensation from the issuer
Sale deadline
08/21/2026
Date associated with the proposed sale of COP common shares
Key Terms
Rule 144, Restricted Stock Vesting, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Common | 02/19/2023 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Andrew Lundquist"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing for COP disclose about Andrew D. Lundquist?
The filing states that officer Andrew D. Lundquist has notified of an intent to sell up to 9,487 shares of CONOCOPHILLIPS (COP) common stock under Rule 144, using Fidelity Brokerage Services LLC as broker.
AI-generated analysis. How Rhea-AI works. Not financial advice.