COP Form 4: Director Buys 84 Units, Boosts Stake to 89.4k

ConocoPhillips (COP) – Form 4 filing Director Robert A. Niblock reported the acquisition of 84 deferred stock units on 31 Jul 2025 at an implied price of $96.025 per unit.

Rhea-AI Filing Summary

ConocoPhillips (COP) – Form 4 filing

Director Robert A. Niblock reported the acquisition of 84 deferred stock units on 31 Jul 2025 at an implied price of $96.025 per unit. Each unit converts 1-for-1 into common shares. Post-transaction ownership rises to 89,374.229 stock units, held directly. The units are scheduled to be paid in five equal annual installments after the director separates from service. No dispositions were reported.

Positive

• Insider acquisition—even small purchases can be interpreted as a vote of confidence by a board member.

Negative

• Immaterial size—the $8k value is too small to carry significant signaling weight for investors.

Insights

Securities Analyst

TL;DR: Minor insider buy; signal positive but financially immaterial.

The purchase of only 84 units (≈$8k) marginally increases Director Niblock’s stake to 89.4k units. While insider buying can indicate confidence, the dollar value is negligible relative to both the director’s existing holdings and COP’s $140 bn market cap. The deferred-unit structure and 1-for-1 conversion pose no dilution concerns. Overall impact on valuation or governance perception is neutral.

Insider Trade Summary

Grant/Award: 84 shares

Grant/Award 1 txn

Insider NIBLOCK ROBERT A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units	84	$96.025	$8K

Holdings After Transaction: Stock Units — 89,374.229 contracts (Direct)

Footnotes (3)

1. F1. The stock units convert to ConocoPhillips common stock on a 1-for-1 basis.
2. F2. The reporting person has elected to receive payment in five equal annual installments beginning one year following separation from service, which election may be changed by the reporting person to provide for an alternative schedule of deferred payments.
3. F3. Includes units acquired through routine dividend transactions that are exempt under rule 16a-11.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did COP director Robert Niblock buy?

He acquired 84 deferred stock units that convert 1-for-1 into ConocoPhillips common shares.

What was the transaction date for the Form 4?

The acquisition occurred on July 31, 2025.

At what price were the stock units acquired?

The reported price was $96.025 per unit.

How many COP shares does the director now beneficially own?

Director Niblock now holds 89,374.229 stock units, all reported as direct ownership.

Is there any planned disposition schedule?

Yes. Units will be distributed in five equal annual installments beginning one year after separation from service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/04/2025 - 01:24 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NIBLOCK ROBERT A

(Last) (First) (Middle)

16930 PARK ROW DR.

(Street)

HOUSTON TX 77084

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CONOCOPHILLIPS [ COP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units	(1)	07/31/2025		A		84		(2)	(2)	Common Stock	84	$96.025	89,374.229(3)	D

Explanation of Responses:

1. The stock units convert to ConocoPhillips common stock on a 1-for-1 basis.

2. The reporting person has elected to receive payment in five equal annual installments beginning one year following separation from service, which election may be changed by the reporting person to provide for an alternative schedule of deferred payments.

3. Includes units acquired through routine dividend transactions that are exempt under rule 16a-11.

	Whitney A. Cox, Attorney in Fact (by Power of Attorney filed with the Commission on March 4, 2024)	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.