ConocoPhillips SVP exercises stock units, withholds shares
ConocoPhillips Senior Vice President Heather G. Hrap exercised 4,260 stock units into an equal number of common shares.
Sentiment and the balance of points
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Rhea-AI Filing Summary
ConocoPhillips Senior Vice President Heather G. Hrap exercised 4,260 stock units into an equal number of common shares. Each stock unit was the economic equivalent of one share of common stock and settled in shares, including units acquired as dividend equivalents under the award agreement.
To cover tax obligations, 1,481 common shares were disposed of at $111.23 per share through a tax-withholding transaction, rather than an open-market sale. After these transactions, she directly held 8,317 common shares and indirectly held 1,999.382 shares through the ConocoPhillips Savings Plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Units | 4,260 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,260 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,481 | $111.23 | $165K |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. The amount includes units acquired as dividend equivalents pursuant to the award agreement.
- F2. Each stock unit was the economic equivalent of one share of common stock and settled in shares.
- F3. 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.
- F4. The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
- F5. 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.
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