Director at ConocoPhillips (COP) receives 322 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ConocoPhillips director Robert A. Niblock received a grant of 322 stock units, each tied 1-for-1 to ConocoPhillips common stock. The award is a routine, compensation-related acquisition rather than an open-market purchase or sale.
After this grant, Niblock holds a total of 95,531.55 stock units. These units are deferred; he has elected to receive payment in five equal annual installments beginning one year after separation from service, with flexibility to change the payment schedule. The holding total also reflects dividend equivalent units added over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NIBLOCK ROBERT A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 322 | $112.18 | $36K |
Holdings After Transaction:
Stock Units — 95,531.55 shares (Direct, null)
Footnotes (1)
- The stock units represent 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 dividend equivalent units acquired through routine transactions that are exempt under rule 16a-11.
Key Figures
Stock units granted: 322 stock units
Implied unit value: $112.18 per unit
Total units after grant: 95,531.55 stock units
+2 more
5 metrics
Stock units granted
322 stock units
Grant/award acquisition on 2026-06-15
Implied unit value
$112.18 per unit
Reference price for granted stock units
Total units after grant
95,531.55 stock units
Holdings following reported transaction
Conversion ratio
1 unit : 1 share
Stock units represent common stock on a 1-for-1 basis
Installment schedule
Five equal annual payments
Begins one year after separation from service
Key Terms
Stock Units, dividend equivalent units, rule 16a-11, deferred payments
4 terms
Stock Units financial
"The stock units represent ConocoPhillips common stock on a 1-for-1 basis."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
dividend equivalent units financial
"Includes dividend equivalent units acquired through routine transactions that are exempt under rule 16a-11."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
rule 16a-11 regulatory
"Includes dividend equivalent units acquired through routine transactions that are exempt under rule 16a-11."
deferred payments financial
"Election may be changed by the reporting person to provide for an alternative schedule of deferred payments."
FAQ
What did ConocoPhillips (COP) director Robert Niblock report in this Form 4?
Robert A. Niblock reported receiving a grant of 322 stock units as compensation. These stock units are linked 1-for-1 to ConocoPhillips common stock and increase his total deferred stock unit holdings to 95,531.55 units.
How are Robert Niblock’s ConocoPhillips (COP) stock units paid out?
Payment will be deferred and made in five equal annual installments starting one year after he separates from service. He may later change this election to an alternative deferred payment schedule, affecting the timing but not the number of stock units.
What does the 1-for-1 basis mean for ConocoPhillips stock units in this Form 4?
The 1-for-1 basis means each stock unit represents one share of ConocoPhillips common stock. This structure lets the director’s deferred compensation value move directly with the company’s share price over time without immediate stock issuance.
What are dividend equivalent units mentioned in the ConocoPhillips (COP) filing?
Dividend equivalent units are additional stock units credited in lieu of cash dividends on existing units. In this case, Niblock’s total of 95,531.55 units includes such dividend equivalents, which are treated as routine and exempt under SEC rule 16a-11.