Olds Nicholas G 4
4 · CONOCOPHILLIPS · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
ConocoPhillips (COP) EVP Nicholas Olds Exercises Options
What Happened
Nicholas G. Olds, Executive Vice President of ConocoPhillips (COP), exercised/converted 8,564 derivative units on February 14, 2026. To cover the exercise price/tax liability, 3,169 shares were withheld at $111.23 per share (~$352,488). Net shares received from the exercise = 5,395 (8,564 exercised − 3,169 withheld). One line in the filing records a derivative conversion with $0 cash flow, reflecting the non‑cash nature of the settlement.
Key Details
- Transaction date: 2026-02-14; Form 4 filed: 2026-02-18 (appears to be within the usual reporting window).
- Exercise/conversion (code M): 8,564 shares.
- Tax withholding/payment (code F): 3,169 shares withheld at $111.23/share = $352,488 withheld.
- Net shares delivered to insider: 5,395 shares.
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnotes: units include dividend equivalents and are economic equivalents of common shares that settle in shares; some awards may have multi-year settlement/vesting conditions (see F1–F5).
- Transaction codes: M = option/derivative exercise; F = shares withheld for exercise price or tax.
Context
This appears to be a standard option/stock‑unit exercise with partial share withholding to satisfy tax and/or exercise-cost obligations (a common cashless mechanism). Such routine tax‑withholding sales are not necessarily a bearish signal; they are often procedural. The filing does not indicate a 10% owner change, gift, or a 10b5‑1 plan.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-14+8,564→ 30,080 total - Tax Payment
Common Stock
2026-02-14$111.23/sh−3,169$352,488→ 26,911 total - Exercise/Conversion
Stock Units
[F4][F5]2026-02-14−8,564→ 0 totalExp: 2026-02-14→ Common Stock (8,564 underlying)
- 1,352.259(indirect: By ConocoPhillips Savings Plan)
Common Stock
[F3]
Footnotes (5)
- [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]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.
- [F4]The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
- [F5]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.