ConocoPhillips VP reports 3 stock unit holdings
ConocoPhillips’ Vice President & Controller discloses initial holdings of stock units and indirect common shares tied to COP stock.
Rhea-AI Filing Summary
CONOCOPHILLIPS (COP) officer Greig Patterson, Vice President & Controller, reports initial equity holdings on a Form 3. The filing lists three direct holdings of stock units convertible into 1,736, 2,296.351 and 2,243.556 shares of ConocoPhillips common stock on a 1-for-1 basis, plus 50.5 common shares held indirectly through a UK Share Incentive Plan. The stock unit grants generally settle three years from grant, may be eligible for earlier settlement upon specified termination events, and do not have an expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Patterson Greig
Role
Vice President & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Units F4, F2, F3 | -- | -- | -- |
| holding | Stock Units F4, F2, F3 | -- | -- | -- |
| holding | Stock Units F4, F2, F3 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Stock Units — 6,275.907 contracts (Direct);
Common Stock — 50.5 shares (Indirect, By UK Share Incentive Plan)
Footnotes (4)
- F1. Includes units acquired through routine dividend transactions that are exempt under rule 16a-11 and through a qualified plan that are exempt under rule 16b-3.
- F2. The stock unit grant settles 3 years from date of grant, but may be eligible for full or partial early settlement upon termination of employment after attainment of age 55 with five years of service, layoff, death or disability, or a change of control.
- F3. The stock units do not have an expiration date.
- F4. The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
Key Figures
Underlying shares for stock units grant A: 1,736 shares
Underlying shares for stock units grant B: 2,296.351 shares
Underlying shares for stock units grant C: 2,243.556 shares
+2 more
5 metrics
Underlying shares for stock units grant A
1,736 shares
Direct stock units representing ConocoPhillips common stock at a 1-for-1 ratio
Underlying shares for stock units grant B
2,296.351 shares
Direct stock units representing ConocoPhillips common stock at a 1-for-1 ratio
Underlying shares for stock units grant C
2,243.556 shares
Direct stock units representing ConocoPhillips common stock at a 1-for-1 ratio
Indirect common stock holdings
50.5 shares
Common stock held indirectly by UK Share Incentive Plan
Stock unit settlement period
3 years
Stock unit grants settle three years from the date of grant
Key Terms
Stock Units, qualified plan, change of control, UK Share Incentive Plan
4 terms
Stock Units financial
"The stock units represent ConocoPhillips common stock on a 1-for-1 basis"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
qualified plan financial
"acquired through routine dividend transactions and through a qualified plan"
change of control financial
"eligible for early settlement upon termination events or a change of control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
FAQ
What does the Form 3 for COP disclose about Greig Patterson’s role?
The Form 3 shows that Greig Patterson is an officer of ConocoPhillips (COP), serving as Vice President & Controller, and is therefore reporting his initial beneficial ownership of the company’s equity securities.
What stock unit holdings tied to COP common stock are reported on this Form 3?
The filing reports three direct holdings of stock units representing ConocoPhillips common stock on a 1-for-1 basis, with underlying shares of 1,736, 2,296.351 and 2,243.556 COP common shares, respectively.
How do the reported stock units relate to COP common stock?
Each reported stock unit represents ConocoPhillips common stock on a 1-for-1 basis, meaning each unit corresponds to one share of COP common stock, as disclosed in the footnotes to the Form 3.
When do the COP stock unit grants reported on this Form 3 settle?
The Form 3 states that each stock unit grant settles three years from the date of grant, with potential full or partial early settlement upon qualifying termination of employment after certain age and service conditions, layoff, death, disability, or a change of control.
Do the COP stock units reported on this Form 3 expire?
No. A footnote states that the stock units do not have an expiration date, although they are generally scheduled to settle three years from the date of grant, with specified circumstances for earlier settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
