ConocoPhillips (NYSE: COP) VP exercises 2,000 units, withholds 487 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ConocoPhillips VP & Controller Kontessa S. Haynes reported transactions involving stock-based compensation. On February 14, 2026, she exercised 2,000 stock units, which were the economic equivalent of common shares and settled in 2,000 shares of ConocoPhillips common stock.
To cover tax obligations related to this award, 487 shares of common stock were disposed of at $111.23 per share through a tax-withholding transaction, rather than an open-market sale. After these moves, she directly owned 10,339 common shares and indirectly held 70.005 shares through the ConocoPhillips Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,000 shares exercised/converted
Mixed
4 txns
Insider
HAYNES WELSH KONTESSA S
Role
VP & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Units | 2,000 | $0.00 | -- |
| Exercise | Common Stock | 2,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 487 | $111.23 | $54K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Units — 0 shares (Direct);
Common Stock — 10,826 shares (Direct);
Common Stock — 70.005 shares (Indirect, By ConocoPhillips Savings Plan)
Footnotes (1)
- The amount includes units acquired as dividend equivalents pursuant to the award agreement. 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 and through a qualified plan that are exempt under rule 16b-3. The stock units represent ConocoPhillips common stock on a 1-for-1 basis. 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.
FAQ
What did ConocoPhillips (COP) VP Kontessa Haynes report on this Form 4?
Kontessa S. Haynes reported exercising 2,000 stock units into 2,000 common shares and a related tax-withholding share disposition. These transactions reflect stock-based compensation activity, not an open-market purchase or sale program.
How many ConocoPhillips (COP) stock units did the VP exercise?
She exercised 2,000 stock units, each economically equivalent to one share of ConocoPhillips common stock. The units settled in 2,000 shares, reflecting conversion of a derivative award rather than a cash purchase in the open market.
Does Kontessa Haynes have any indirect ConocoPhillips (COP) holdings?
Yes. The filing reports 70.005 shares held indirectly through the ConocoPhillips Savings Plan. This indirect position is in addition to the 10,339 shares she owns directly after the reported transactions.
How were the ConocoPhillips (COP) stock units structured in this Form 4 filing?
Each stock unit was the economic equivalent of one share of ConocoPhillips common stock on a 1-for-1 basis and settled in shares, with some units including dividend equivalents under the award terms.