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ConocoPhillips (COP) SVP exercises 3,693 units, withholds 1,438 shares for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ConocoPhillips Senior Vice President Andrew D. Lundquist exercised 3,693 stock units into 3,693 shares of common stock on February 14, 2026, at a stated price of $0.00 per unit. Each unit was economically equivalent to one share of common stock and settled in shares.

On the same date, 1,438 shares of common stock were disposed of at $111.23 per share to cover tax obligations associated with the award. After these transactions, Lundquist directly owned 17,469 shares of ConocoPhillips common stock.

Positive

  • None.

Negative

  • None.
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*
LUNDQUIST ANDREW D

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
3. Date of Earliest Transaction (Month/Day/Year)
02/14/2026
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
Common Stock 02/14/2026 M 3,693(1) A (2) 18,907 D
Common Stock 02/14/2026 F 1,438 D $111.23 17,469 D
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 (3) 02/14/2026 M 3,693 (4) 02/14/2026 Common Stock 3,693 $0.00 0 D
Explanation of Responses:
1. The amount includes units acquired as dividend equivalents pursuant to the award agreement.
2. Each stock unit was the economic equivalent of one share of common stock and settled in shares.
3. The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
4. The stock units grant settles 3 years from date of grant, subject to earlier or partial settlement upon termination of employment after attainment of age 55 with five years of service, layoff, death or disability, or a change in control.
Kelly B. Rose, Attorney in Fact (by Power of Attorney) 02/18/2026
** 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 insider transactions did ConocoPhillips (COP) report for Andrew D. Lundquist?

ConocoPhillips reported that Senior Vice President Andrew D. Lundquist exercised 3,693 stock units into common shares and disposed of 1,438 shares to cover tax obligations. Following these transactions, he directly held 17,469 shares of ConocoPhillips common stock.

How many ConocoPhillips (COP) stock units did Andrew D. Lundquist convert?

Andrew D. Lundquist converted 3,693 stock units into 3,693 shares of ConocoPhillips common stock. Each unit was the economic equivalent of one share and settled in stock, reflecting the vesting and settlement of an existing equity award.

At what price were ConocoPhillips (COP) shares disposed of for tax withholding?

A total of 1,438 ConocoPhillips common shares were disposed of at $111.23 per share to satisfy tax liabilities tied to the equity award. This transaction was reported with code "F", indicating a tax-withholding disposition, not an open-market sale.

What is Andrew D. Lundquist’s ConocoPhillips (COP) share ownership after these transactions?

After exercising stock units and the related tax-withholding disposition, Andrew D. Lundquist directly owned 17,469 shares of ConocoPhillips common stock. This figure reflects his updated direct holdings immediately following the February 14, 2026 transactions.

What do the ConocoPhillips (COP) stock units held by Andrew D. Lundquist represent?

The stock units represented ConocoPhillips common stock on a 1-for-1 basis and were economically equivalent to one share each. They settled in shares of common stock according to the award terms, including provisions for dividend equivalents and specified settlement timing conditions.

Why were some ConocoPhillips (COP) shares disposed of in Andrew D. Lundquist’s Form 4?

Shares were disposed of solely to pay tax liabilities related to the equity award exercise. The transaction, coded "F", indicates payment of exercise price or taxes by delivering securities rather than an ordinary discretionary sale in the open market.
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