ConocoPhillips (COP) director awarded 298 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ConocoPhillips director Robert A. Niblock received a grant of 298 stock units linked to ConocoPhillips common stock on a 1-for-1 basis. These stock units were awarded at a reference price of $121.3901 per unit as a compensation-related grant, not an open-market purchase.
The stock units are deferred; Niblock has elected to receive payment in five equal annual installments beginning one year after separation from service, with flexibility to change to an alternative deferred payment schedule. After this award, he holds a total of 94,527.743 stock units, which includes dividend equivalent units acquired through routine, exempt transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NIBLOCK ROBERT A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 298 | $121.3901 | $36K |
Holdings After Transaction:
Stock Units — 94,527.743 shares (Direct)
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.
FAQ
What did ConocoPhillips (COP) director Robert A. Niblock report in this Form 4?
Robert A. Niblock reported receiving a grant of 298 stock units tied 1-for-1 to ConocoPhillips common stock. The award is a compensation-related acquisition of derivative stock units rather than an open-market purchase or sale of common shares.
At what price were the 298 ConocoPhillips stock units awarded to director Niblock?
The 298 stock units granted to Robert A. Niblock carried a reference price of $121.3901 per unit. This reflects the value used for the grant calculation and does not represent an open-market trade execution price or a direct cash transaction in the market.
How and when will Robert A. Niblock receive payment for his ConocoPhillips stock units?
Niblock elected to receive payment for the stock units in five equal annual installments beginning one year after separation from service. The election may be changed to an alternative deferred schedule, meaning payout timing is structured and tied to his eventual service separation.
How many ConocoPhillips stock units does Robert A. Niblock hold after this award?
Following the grant, Robert A. Niblock holds 94,527.743 stock units. This total includes both the new 298-unit award and dividend equivalent units previously accumulated through routine, exempt transactions, reflecting his overall deferred equity-based position in the company.
What does it mean that Niblock’s ConocoPhillips stock units include dividend equivalent units?
Dividend equivalent units mirror dividends on underlying shares by crediting additional units instead of cash. Niblock’s total of 94,527.743 units includes such dividend equivalents, which were acquired through routine transactions exempt under Rule 16a-11, expanding his deferred equity balance over time.
Is Robert A. Niblock’s Form 4 transaction in ConocoPhillips stock units a market buy or sell?
The reported transaction is a grant of 298 stock units classified as a compensation-related acquisition, not a market buy or sell. No open-market trade occurred; instead, Niblock received additional deferred stock-based units as part of his director compensation arrangement.