Olds Nicholas G 4

What Happened
Nicholas G. Olds, Executive Vice President of ConocoPhillips (COP), received a grant of 13,143 stock units (reported as a derivative award) on February 10, 2026. The Form 4 shows an acquisition code "A" for 13,143 units at $0.00 — this is a compensation award (restricted stock units/stock units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-10; filing date: 2026-02-12 (Form 4 accession 0001193125-26-049150).
• Reported quantity: 13,143 stock units; reported price: $0.00 (no cash exchanged at grant).
• Shares owned after transaction: not disclosed on this Form 4.
• Footnotes: F1 — each stock unit represents one share of ConocoPhillips common stock on a 1-for-1 basis. F2 — units settle 3 years from grant, with earlier or partial settlement possible on termination after age 55 with five years’ service, layoff, death, disability, or change in control.
• Transaction type/code: Award/Grant (derivative RSU award), not a purchase (P) or sale (S).

Context
RSU awards are a common form of long-term, performance/retention compensation for executives. These units do not represent immediately tradable shares until they vest/settle, so they do not reflect an open-market buy or sell decision by the insider. They are primarily a compensation event rather than a direct signal of insider buying or selling.