COP Form 4: Director Nelda Connors Granted 112 Units Converting 1-for-1

Rhea-AI Filing Summary

Nelda J. Connors, a ConocoPhillips (COP) director, reported a grant of 112 stock units on 08/29/2025 that convert 1-for-1 into common stock. The Form 4 shows the units were acquired at a reported price of $98.6875 and the reporting person owned 4,184.259 shares after the transaction on a direct basis. The filing states the reporting person elected to receive payment as a lump sum six months following separation from service (with the option to change to a different deferred schedule), and that dividend equivalent units were included through routine transactions exempt under Rule 16a-11.

Positive

• Director alignment: Award converts 1-for-1 to common stock, aligning the director's compensation with shareholder value.
• Transparent disclosure: Form 4 specifies transaction date, unit count (112), conversion mechanics, price ($98.6875), and post-transaction ownership (4,184.259 shares).
• Includes dividend equivalents: Filing notes dividend equivalent units were acquired through routine, exempt transactions.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received equity-based compensation that aligns interests with shareholders without signaling unusual activity.

The Form 4 documents a routine director stock unit award that converts 1-for-1 to common shares and includes dividend equivalent units. The election to receive a lump-sum payment after separation is a standard deferred-compensation choice. Ownership of 4,184.259 shares on a direct basis is disclosed, which is useful for tracking insider alignment but does not, by itself, indicate a material change in control or corporate governance.

Securities Analyst

TL;DR: Transaction is a typical insider equity grant; it is informative for ownership tracking but not materially market-moving.

The reported acquisition of 112 stock units at a price of $98.6875 that convert to common stock is a compensatory transaction for a director. Inclusion of dividend equivalent units and the deferred lump-sum election are disclosed explicitly. The post-transaction direct ownership figure provides a clear snapshot of the director's holdings for investor models and insider-ownership metrics.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Connors Nelda J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units	112	$98.6875	$11K

Holdings After Transaction: Stock Units — 4,184.259 shares (Direct)

Footnotes (1)

1. The stock units convert to ConocoPhillips common stock on a 1-for-1 basis. 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. Includes dividend equivalent units acquired through routine transactions that are exempt under rule 16a-11.

Form 4 Insider Transactions: What Each Field Means →

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^*

Connors Nelda J

(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)
08/29/2025

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)	08/29/2025		A		112		(2)	(2)	Common Stock	112	$98.6875	4,184.259(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 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.

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

	Whitney A. Cox, Attorney in Fact (by Power of Attorney filed with the Commission on September 4, 2024)	09/03/2025
	** 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.

FAQ

What did Nelda J. Connors report on Form 4 for ConocoPhillips (COP)?

The Form 4 reports acquisition of 112 stock units on 08/29/2025 that convert 1-for-1 to common stock, at a reported price of $98.6875.

How many ConocoPhillips shares did the reporting person own after the transaction?

The filing shows 4,184.259 shares beneficially owned following the reported transaction on a direct basis.

Does the Form 4 disclose any deferred payment elections?

Yes. The reporting person elected to receive payment as a lump sum six months following separation from service, with the option to change the schedule.

Were dividend equivalents included in the reported transaction?

Yes. The filing states it includes dividend equivalent units acquired through routine transactions exempt under Rule 16a-11.

Who signed the Form 4 and when?

The Form 4 was signed by Whitney A. Cox, Attorney in Fact on 09/03/2025 pursuant to a power of attorney filed with the Commission on September 4, 2024.