Olds Nicholas G 4

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.