COP Form 4: Director Niblock Adds 86 Units, Ownership 90,248.408 Shares
Rhea-AI Filing Summary
Robert A. Niblock, a director of ConocoPhillips (COP), reported a non-derivative acquisition on 09/30/2025 of 86 stock units that convert 1-for-1 into ConocoPhillips common stock. The Form 4 shows the units were recorded at $94.31 and that the reporting person now beneficially owns 90,248.408 shares directly.
The filing explains the units convert to common stock on a one-for-one basis and that the reporting person elected to receive payment in five equal annual installments beginning one year after separation from service; that election may be changed. The filing also notes some of the reported units arise from routine dividend transactions exempt under Rule 16a-11.
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Insights
Director acquired 86 stock units, raising direct beneficial ownership to 90,248.408 shares.
The Form 4 records a routine, non-derivative acquisition dated 09/30/2025. The units are convertible on a 1-for-1 basis into common stock, which is the mechanism by which the reporting person's stake changed.
The filing discloses an election to receive payment in five equal annual installments beginning one year after separation from service; this is a contractual timing choice for payout rather than a trade. The form also clarifies that some units result from routine dividend reinvestment transactions exempt under Rule 16a-11.
FAQ
What did Robert A. Niblock report on the Form 4 for COP?
How do the reported stock units convert into COP common stock?
What payment election did the reporting person make for the units?
Are any of the reported units related to dividends?
Who signed the Form 4 and when was it signed?