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.
Positive
- None.
Negative
- None.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 86 | $94.31 | $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.