Hrap Heather G. 4

What Happened
Heather G. Hrap, Senior Vice President at ConocoPhillips (COP), received a grant of 5,065 stock units on February 10, 2026. The filing reports these as a derivative award (transaction code A) with an acquisition price of $0.00 per unit — this is a compensation award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12).
• Transaction type/price: Grant/Award of 5,065 stock units at $0.00 (derivative).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes of note:
  • F1: Each stock unit represents one share of ConocoPhillips common stock on a 1-for-1 basis.
  • F2: The stock units settle 3 years from the grant date, with possible earlier or partial settlement upon certain events (termination after attaining age 55 with five years’ service, layoff, death, disability, or change in control).
• Filing timeliness: Reported two days after the grant date (filed Feb 12 for a Feb 10 grant), which is within typical Form 4 timing requirements (not indicated as late).

Context
This award functions like restricted stock units (RSUs) — it’s compensation that will convert to common shares according to the settlement schedule and conditions, rather than an immediate market buy or sell. Such grants are common as part of executive pay and do not, by themselves, indicate the insider is buying or selling stock in the open market.