Lance Ryan Michael 4

4 · CONOCOPHILLIPS · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

ConocoPhillips (COP) CEO Lance Ryan Michael Exercises Awards, Shares Withheld

What Happened

Lance Ryan Michael, Chairman and CEO of ConocoPhillips, converted/exercised derivative awards that resulted in 48,990 shares on 2026-02-14. To cover tax withholding associated with the settlement, 18,127 shares were surrendered at $111.23 per share for a total withholding of $2,016,266. The exercise/conversion shows a $0.00 exercise price, consistent with settlement of stock units or restricted stock-type awards rather than a cash purchase.

Key Details

Transaction date: 2026-02-14; Form filed: 2026-02-18.
Shares acquired via conversion/exercise: 48,990.
Shares withheld for taxes (disposed): 18,127 at $111.23 each = $2,016,266.
Net shares retained from this settlement: 30,863 (48,990 acquired minus 18,127 withheld).
Exercise/derivative entries reported with $0.00 exercise price — indicates settlement of award units rather than a cash option exercise.
Relevant footnotes: units include dividend equivalents (F1); each stock unit settled 1-for-1 in common stock (F2, F5); award units may have multi-year settlement/vesting conditions (F6); some units/transactions reflect routine dividend or qualified-plan exemptions (F4). Footnote F3 notes a separate transfer of 319,000 shares to the Lance Family Trust (disclosed in the filing).
Shares owned after the transaction are not specified in the provided summary of the filing.

Context

This was a non‑market purchase event: the filing documents conversion/settlement of award units and a share‑withholding to cover taxes (a common, administrative action). Such transactions do not necessarily indicate a buy or sell signal from the insider’s market view.

Form 4

Period: 2026-02-14

DirectorChairman and CEO

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-14+48,990→ 55,962 total
Tax Payment
Common Stock
2026-02-14$111.23/sh−18,127$2,016,266→ 37,835 total
Exercise/Conversion
Stock Units
[F5][F6]
2026-02-14−48,990→ 0 total
Exp: 2026-02-14→ Common Stock (48,990 underlying)

Holdings

Footnotes (6)

[F1]The amount includes units acquired as dividend equivalents pursuant to the award agreement.
[F2]Each stock unit was the economic equivalent of one share of common stock and settled in shares.
[F3]Amount reflects the transfer by the reporting person to the Lance Family Trust of 319,000 of common stock.
[F4]Includes units acquired through routine dividend transactions that are exempt under rule 16a-11 and through a qualified plan that are exempt under rule 16b-3.
[F5]The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
[F6]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.

Signature

Kelly B. Rose, Attorney in Fact (by Power of Attorney)|2026-02-18

1 file