ConocoPhillips CFO exercises 4,009 stock units
ConocoPhillips Executive Vice President & CFO Andrew M. O'Brien reported an exercise of 4,009 stock units, which converted into the same number of shares of common stock on a 1-for-1 basis.
Rhea-AI Filing Summary
ConocoPhillips Executive Vice President & CFO Andrew M. O'Brien reported an exercise of 4,009 stock units, which converted into the same number of shares of common stock on a 1-for-1 basis. These stock units were the economic equivalent of common shares and included units acquired as dividend equivalents.
To cover tax obligations related to this vesting, 1,578 common shares were disposed of at $111.2300 per share through a tax-withholding transaction, not an open-market sale. After these transactions, O'Brien directly held 15,759.803 common shares, and indirectly held an additional 10.9002 shares through a UK Share Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Units | 4,009 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,009 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,578 | $111.23 | $176K |
| 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 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.
FAQ
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What did ConocoPhillips (COP) CFO Andrew O'Brien report in this Form 4?
How many ConocoPhillips stock units did the CFO exercise in this filing?
How were the ConocoPhillips stock units described in the Form 4 footnotes?
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