ConocoPhillips (COP) EVP Nicholas Olds sells 6994 shares at $127.059
Rhea-AI Filing Summary
ConocoPhillips Executive Vice President Nicholas G. Olds reported an open-market sale of 6994 shares of ConocoPhillips common stock. The transaction occurred on 2026-03-23 at an average price of $127.059 per share.
After the sale, Olds directly holds 5395 shares of common stock. He also has an indirect interest in 1361.969 plan units through the ConocoPhillips Savings Plan, which the footnote explains include units accumulated via routine dividend transactions and a qualified plan under applicable SEC exemptions.
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Insights
EVP executes open-market sale while retaining a meaningful share position.
Executive Vice President Nicholas G. Olds sold 6994 ConocoPhillips common shares in an open-market transaction at $127.059 per share. This is a discretionary sale, not tied to option exercises or tax withholding, and therefore reflects an active decision to reduce equity exposure.
Following the sale, Olds continues to hold 5395 shares directly and 1361.969 units indirectly through the ConocoPhillips Savings Plan. The footnote notes these plan units arise from routine dividend and qualified-plan transactions exempt under rules 16a-11 and 16b-3, indicating ongoing participation in employer-sponsored equity programs rather than new market purchases.
From an investor perspective, this is a net-sell event by a senior executive but on a scale that appears modest relative to the overall company. There is no reference in the excerpt to a Rule 10b5-1 trading plan, so the timing appears discretionary based on the available information.
FAQ
What insider transaction did ConocoPhillips (COP) report for Nicholas G. Olds?
At what price did ConocoPhillips EVP Nicholas G. Olds sell his COP shares?
How many ConocoPhillips (COP) shares does Nicholas G. Olds hold after the reported sale?
What type of insider transaction did Nicholas G. Olds file for ConocoPhillips (COP)?
What does the ConocoPhillips Savings Plan holding mean in Nicholas G. Olds' Form 4?
Was Nicholas G. Olds’ ConocoPhillips (COP) transaction part of a derivative exercise or tax withholding?