COP Form 4: Director Robert Niblock Adds 82 Units, Ownership 89,456.235
Rhea-AI Filing Summary
Robert A. Niblock, a director of ConocoPhillips (COP), reported a Form 4 disclosing a non-derivative acquisition on 08/29/2025. The filing shows an acquisition of 82 stock units that convert 1-for-1 into ConocoPhillips common stock. The per-unit price is listed as $98.6875. After the reported transaction the reporting person beneficially owned 89,456.235 shares/units. The filing notes the reporting person elected to receive payment in five equal annual installments beginning one year after separation from service (with the election subject to change), and that the total includes units acquired through routine dividend transactions that are exempt under Rule 16a-11.
Positive
- Director equity alignment: acquisition of 82 stock units that convert 1-for-1 into common stock
- Disclosure clarity: filing specifies deferred payment election and inclusion of dividend-generated units under Rule 16a-11
- Substantial aggregate ownership reported: beneficial ownership after the transaction is 89,456.235 shares/units
Negative
- None.
Insights
TL;DR Director acquired 82 stock units that convert to common stock; holding increases to 89,456.235 units, indicating ongoing equity alignment.
The Form 4 reports a routine non-derivative acquisition of 82 stock units at a listed price of $98.6875 on 08/29/2025. The units convert 1-for-1 into common stock and the filing documents an election to receive payment in five equal annual installments beginning one year after separation from service. The filing also clarifies the total includes dividend-generated units exempt under Rule 16a-11. For investors, this is a routine insider-reporting event that documents ownership and deferred compensation mechanics rather than a material corporate action.
TL;DR Disclosure shows director compensation delivered as stock units with deferred payment election; filing is compliance-focused and routine.
The report is a standard Section 16 disclosure by a director reflecting compensation-related stock units. The 1-for-1 conversion feature and the deferred payment election are explicitly stated, and inclusion of dividend-reinvested units under Rule 16a-11 is noted. The form was executed via power of attorney, dated 09/03/2025. This document provides transparency on the director's equity stake and pay structure without indicating governance changes or unusual transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 82 | $98.6875 | $8K |
Footnotes (1)
- The stock units convert to ConocoPhillips common stock on a 1-for-1 basis. 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. Includes units acquired through routine dividend transactions that are exempt under rule 16a-11.