ConocoPhillips (NYSE: COP) EVP exercises 4,103 units, 1,615 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ConocoPhillips Executive Vice President Kirk L. Johnson exercised 4,103 stock units into 4,103 shares of common stock. Each stock unit was economically equivalent to one share and represented ConocoPhillips common stock on a 1-for-1 basis, including units acquired as dividend equivalents.
To satisfy tax obligations related to this conversion, 1,615 shares of common stock were delivered at a price of $111.23 per share under a tax-withholding disposition. Following these transactions, Johnson directly holds 17,015 shares of ConocoPhillips common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,103 shares exercised/converted
Mixed
3 txns
Insider
JOHNSON KIRK L.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Units | 4,103 | $0.00 | -- |
| Exercise | Common Stock | 4,103 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,615 | $111.23 | $180K |
Holdings After Transaction:
Stock Units — 0 shares (Direct);
Common Stock — 18,630 shares (Direct)
Footnotes (1)
- The amount includes units acquired as dividend equivalents pursuant to the award agreement. Each stock unit was the economic equivalent of one share of common stock and settled in shares. The stock units represent ConocoPhillips common stock on a 1-for-1 basis. 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
What did ConocoPhillips (COP) executive Kirk L. Johnson report on this Form 4?
Kirk L. Johnson reported exercising 4,103 stock units into 4,103 shares of ConocoPhillips common stock. The filing also shows a related tax-withholding disposition of 1,615 shares and a resulting direct ownership of 17,015 common shares.
How do ConocoPhillips stock units held by Kirk L. Johnson relate to common stock?
Each stock unit was economically equivalent to one share of ConocoPhillips common stock and settled in shares. The stock units represented common stock on a 1-for-1 basis and included units acquired as dividend equivalents, according to the award’s terms described in the footnotes.
When do ConocoPhillips (COP) stock unit grants to Kirk L. Johnson typically settle?
The stock unit grant settles three years from the date of grant. Earlier or partial settlement can occur upon termination of employment after age 55 with five years of service, layoff, death or disability, or a change in control, as outlined in the award’s terms.