HAYNES WELSH KONTESSA S 4

What Happened

• Kontessa S. Haynes Welsh, VP & Controller of ConocoPhillips (COP), received a grant of 2,675 stock units (reported as a derivative award) on 2026-02-10. The reported acquisition price is $0.00 because this was an awarded grant (transaction code A), not a purchase. The units represent one share of ConocoPhillips common stock each and will convert to shares per the grant terms.

Key Details

• Transaction date: 2026-02-10; Filing date: 2026-02-12 (appears timely — within the SEC’s two-business-day Form 4 filing window).
• Shares/units granted: 2,675 stock units; reported acquisition price: $0.00 (award).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnote highlights:
  • F1: Each stock unit equals one common share (1-for-1).
  • F2: Units settle 3 years from the grant date, subject to earlier/partial settlement on certain events (termination after age 55 with five years’ service, layoff, death or disability, or a change in control).
• Transaction type: Derivative award (not a market buy or sale) — typically compensation, not a direct trading signal.

Context

• These stock units are effectively restricted stock units (RSUs) that convert into shares at settlement; no cash changed hands at grant. Because this is a compensation award rather than an open-market purchase or sale, it should be viewed as part of executive pay/retention practices rather than an independent signal of insider sentiment.