ConocoPhillips (NYSE: COP) director awarded 2,215 stock units at $99.34
Rhea-AI Filing Summary
ConocoPhillips director David Thomas Seaton reported an acquisition of stock-based compensation tied to the company’s shares. On January 15, 2026, he was granted 2,215 stock units at a reference value of $99.34 per unit. These are derivative awards that convert into ConocoPhillips common stock on a 1-for-1 basis.
After this grant, Seaton held a total of 17,168.226 stock units in direct ownership. He has elected to receive payment in a lump sum six months after separation from service, with the option to later change to a different deferred payment schedule. The total includes units added through routine dividend-related credits.
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FAQ
What insider transaction did ConocoPhillips (COP) report in this Form 4?
The filing shows that director David Thomas Seaton acquired 2,215 stock units tied to ConocoPhillips common stock on January 15, 2026, as reported with transaction code A for an acquisition of derivative securities.
How many ConocoPhillips stock units does David Thomas Seaton own after this transaction?
Following the reported grant, David Thomas Seaton beneficially owns 17,168.226 stock units in direct form, according to the Form 4.
What are the terms of the ConocoPhillips stock units reported for David Thomas Seaton?
The stock units convert into ConocoPhillips common stock on a 1-for-1 basis. The units are reported with a reference value of $99.34 per unit for this transaction.
How and when will David Thomas Seaton receive payment for these ConocoPhillips stock units?
Seaton has elected to receive payment for the stock units as a lump sum six months following separation from service. He may later change this election to use an alternative deferred payment schedule.
Does the Form 4 for ConocoPhillips (COP) include stock units from dividends?
Yes. The total reported stock units include units acquired through routine dividend transactions, which the filing notes are exempt under Rule 16a-11.
Is David Thomas Seaton a director or officer of ConocoPhillips in this filing?
The Form 4 identifies David Thomas Seaton as a director of ConocoPhillips. He is not listed as an officer or a 10% owner in this report.