ConocoPhillips (NYSE: COP) director converts 2,230 stock units into common shares

Rhea-AI Filing Summary

ConocoPhillips director William H. McRaven exercised stock-based awards into common shares. On the reported date, he converted 2,230 stock units, each economically equivalent to one share of common stock and settled in shares, into 2,230 shares of ConocoPhillips common stock at a stated price of $0.00 per share.

After these transactions, his direct holdings in common stock increased to 8,096.501 shares, and his direct holdings of stock units were 23,537.002 units representing ConocoPhillips common stock on a 1-for-1 basis. The filing shows derivative exercise activity only, with no open-market purchases or sales.

Insider Trade Summary

2,230 shares exercised/converted

Mixed 2 txns

Insider McRaven William H.

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Units	2,230	$0.00	--
Exercise	Common Stock	2,230	$0.00	--

Holdings After Transaction: Stock Units — 23,537.002 shares (Direct); Common Stock — 8,096.501 shares (Direct)

Footnotes (1)

1. Each stock unit was the economic equivalent of one share of common stock and settled in shares. Includes units acquired through routine dividend transactions that are exempt under rule 16a-11. The stock units represent ConocoPhillips common stock on a 1-for-1 basis. The reporting person has elected to receive payment as a lump sum three months from initial grant date.

Key Figures

Stock units exercised: 2,230 units Common stock after transaction: 8,096.501 shares Stock units after transaction: 23,537.002 units +2 more

5 metrics

Stock units exercised 2,230 units Stock units converted into common stock on the transaction date

Common stock after transaction 8,096.501 shares Director’s direct common share holdings following the exercise

Stock units after transaction 23,537.002 units Director’s remaining direct stock unit holdings after the exercise

Exercise price per unit $0.00 per unit Stated price for the derivative exercise of stock units

Derivative exercises reported 1 exercise, 2,230 shares transactionSummary exerciseCount and exerciseShares

Key Terms

Stock Units, economic equivalent, rule 16a-11, 1-for-1 basis, +1 more

5 terms

Stock Units financial

"Each stock unit was the economic equivalent of one share of common stock and settled in shares."

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.

economic equivalent financial

"Each stock unit was the economic equivalent of one share of common stock and settled in shares."

rule 16a-11 regulatory

"Includes units acquired through routine dividend transactions that are exempt under rule 16a-11."

1-for-1 basis financial

"The stock units represent ConocoPhillips common stock on a 1-for-1 basis."

lump sum financial

"The reporting person has elected to receive payment as a lump sum three months from initial grant date."

A lump sum is a single, one-time payment of the full amount owed instead of spreading the same money over multiple smaller payments. For investors, receiving or paying a lump sum affects cash flow, reinvestment opportunities and tax timing—like getting a full paycheck at once rather than regular paychecks—so it changes liquidity, risk exposure and the timing of returns.

Form 4 Insider Transactions: What Each Field Means →

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^*

McRaven William H.

(Last) (First) (Middle)

16930 PARK ROW DR.

(Street)

HOUSTON TEXAS 77084

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CONOCOPHILLIPS [ COP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/15/2026		M		2,230	A	(1)	8,096.501(2)	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)	04/15/2026		M		2,230		(4)	(4)	Common Stock	2,230	$0	23,537.002(2)	D

Explanation of Responses:

1. Each stock unit was the economic equivalent of one share of common stock and settled in shares.

2. Includes units acquired through routine dividend transactions that are exempt under rule 16a-11.

3. The stock units represent ConocoPhillips common stock on a 1-for-1 basis.

4. The reporting person has elected to receive payment as a lump sum three months from initial grant date.

	Kelly B. Rose, Attorney in Fact	04/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ConocoPhillips (COP) director William H. McRaven report?

William H. McRaven reported exercising 2,230 stock units into 2,230 shares of ConocoPhillips common stock. The units were economically equivalent to common shares and settled in stock, with a stated exercise price of $0.00 per share, indicating non-cash, stock-based compensation activity.

Did the ConocoPhillips (COP) director buy or sell shares in the open market?

The filing shows no open-market buying or selling by the director. Instead, it reports a derivative exercise where 2,230 stock units were converted into 2,230 common shares at a stated price of $0.00, reflecting a stock-based award conversion rather than market transactions.

How many ConocoPhillips (COP) common shares does William H. McRaven hold after this Form 4?

Following the reported transactions, William H. McRaven directly holds 8,096.501 shares of ConocoPhillips common stock. This figure comes from the post-transaction ownership column for the common stock line in the Form 4, which shows his updated direct common share position.

What are the ConocoPhillips (COP) stock units mentioned in the Form 4?

The stock units are instruments economically equivalent to one share of ConocoPhillips common stock and settle in shares. A footnote explains that each stock unit represents common stock on a 1-for-1 basis, providing equity-linked value similar to owning actual shares.

How many ConocoPhillips (COP) stock units does the director hold after the transaction?

After the exercise, William H. McRaven directly holds 23,537.002 stock units. The Form 4’s derivative table lists this amount as his total stock unit holdings following the transaction, with each unit representing one share of ConocoPhillips common stock on a 1-for-1 basis.

Were ConocoPhillips (COP) dividends involved in the reported stock units?

A footnote states the total stock unit figure includes units acquired through routine dividend transactions exempt under Rule 16a-11. This means some additional units accumulated over time as dividend equivalents, increasing his stock unit balance beyond the original grant amount.