ConocoPhillips SVP exercises 2,936 stock units
ConocoPhillips Senior Vice President Andrew D. Lundquist exercised 2,936 stock units on June 1, 2026, receiving an equivalent number of common shares.
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Form Type
4
Rhea-AI Filing Summary
ConocoPhillips Senior Vice President Andrew D. Lundquist exercised 2,936 stock units on June 1, 2026, receiving an equivalent number of common shares. Of these, 1,325 shares were withheld at $116.46 per share to satisfy tax obligations. Following the transactions, he directly holds 19,080 shares of ConocoPhillips common stock, and the related stock unit grant is scheduled to settle in four equal installments from June 1, 2026 through June 1, 2029.
Insider Trade Summary
2,936 shares exercised/converted
Exercise
3 txns
Insider
LUNDQUIST ANDREW D
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Units | 2,936 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,936 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,325 | $116.46 | $154K |
Holdings After Transaction:
Stock Units — 8,812.438 contracts (Direct);
Common Stock — 19,080 shares (Direct)
Footnotes (4)
- 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. The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
- F4. The stock units grant settles in four equal installments on June 1, 2026, June 1, 2027, June 1, 2028 and June 1, 2029, subject to earlier or partial settlement upon termination of employment at least one year after the grant date due to retirement, layoff, death or disability, or a change in control.
Key Figures
Stock units exercised: 2,936 stock units
Shares withheld for taxes: 1,325 shares
Tax withholding price: $116.46 per share
+2 more
5 metrics
Stock units exercised
2,936 stock units
Stock units converted into common stock on June 1, 2026
Shares withheld for taxes
1,325 shares
Common shares withheld at $116.46 per share for tax obligations
Tax withholding price
$116.46 per share
Per-share value used for tax-withholding disposition on June 1, 2026
Post-transaction holdings
19,080 shares
Direct common stock holdings after reported transactions
Grant settlement dates
June 1, 2026-2029
Four equal stock unit installments scheduled annually
Key Terms
Stock Units, dividend equivalents, economic equivalent, tax-withholding disposition, +1 more
5 terms
Stock Units financial
"The stock units represent ConocoPhillips common stock on a 1-for-1 basis."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
dividend equivalents financial
"includes units acquired as dividend equivalents pursuant to the award agreement."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
economic equivalent financial
"Each stock unit was the economic equivalent of one share of common stock."
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
change in control regulatory
"subject to earlier settlement upon termination or a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock unit exercise did ConocoPhillips (COP) insider Andrew D. Lundquist report?
Andrew D. Lundquist exercised 2,936 stock units, receiving an equivalent number of ConocoPhillips common shares. Each unit represented one share of common stock, and the grant is structured to settle in four annual installments from 2026 through 2029.
How are ConocoPhillips (COP) stock units structured in Andrew Lundquist’s award?
The stock units represent ConocoPhillips common stock on a 1-for-1 basis and settle in shares. Units also accrue dividend equivalents under the award agreement, increasing the number of units in line with cash dividends paid on common shares.
When does Andrew Lundquist’s ConocoPhillips (COP) stock unit grant settle?
The grant settles in four equal installments on June 1, 2026, June 1, 2027, June 1, 2028, and June 1, 2029. Settlement may occur earlier or partially upon qualifying termination events such as retirement, layoff, death, disability, or a change in control.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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