Lance Ryan Michael 4

What Happened Lance Ryan Michael, Chairman, CEO and a director of ConocoPhillips (COP), received a grant of 59,011 stock units on 2026-02-10. The filing shows a $0.00 acquisition price (these are an award/derivative grant, not a cash purchase) so the reported transaction value is $0. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (appears to be within the standard 2-business-day reporting window).
• Award type: Stock units (derivative award) — 59,011 units @ $0.00 each.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Each stock unit represents one ConocoPhillips common share on a 1-for-1 basis.
  • F2: The stock units settle three years from the grant date, subject to earlier or partial settlement on certain events (termination after age 55 with five years’ service, layoff, death or disability, or a change in control).
• Transaction code: A = Award/Grant.

Context These stock units function like restricted stock units (RSUs): they are a derivative compensation award that will convert to common shares at settlement rather than an immediate share purchase. Such grants are common as executive compensation and do not by themselves signal a personal purchase or sale decision. They do increase the insider’s potential future stake if they vest/settle.