ConocoPhillips (NYSE: COP) SVP settles 10,050 units, 3,719 shares withheld
Rhea-AI Filing Summary
ConocoPhillips SVP & General Counsel Rose Kelly Brunetti exercised 10,050 stock units into common shares. The stock units were economically equivalent to common stock on a 1-for-1 basis and settled in shares. To cover taxes, 3,719 common shares were disposed of through a tax-withholding transaction at $111.23 per share, rather than an open-market sale. After these transactions, she directly owned 41,484 shares of ConocoPhillips common stock.
Positive
- None.
Negative
- None.
Insights
Routine equity award settlement with tax withholding; net share increase.
SVP & General Counsel Rose Kelly Brunetti exercised 10,050 stock units, which were structured as 1-for-1 economic equivalents of ConocoPhillips common stock and settled entirely in shares. This reflects the vesting and settlement of prior equity-based compensation.
To satisfy tax obligations, 3,719 common shares were disposed of via a tax-withholding transaction at $111.23 per share, not through an open-market sale. After settlement and withholding, her direct ownership rose to 41,484 shares. The pattern and scale appear consistent with routine executive compensation mechanics, so the overall impact on investors is neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Units | 10,050 | $0.00 | -- |
| Exercise | Common Stock | 10,050 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,719 | $111.23 | $414K |
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.