Hrap Heather G. 4

4 · CONOCOPHILLIPS · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

ConocoPhillips (COP) Senior VP Heather Hrap Exercises Options

What Happened

Heather G. Hrap, Senior Vice President at ConocoPhillips, exercised/converted 4,260 derivative stock units on Feb 14, 2026. To cover tax withholding, 1,481 shares were surrendered at $111.23 per share, totaling about $164,732. The exercise/conversion resulted in issuance of shares while the withholding was handled via share surrender rather than a cash payment.

Key Details

Transaction date: 2026-02-14; Form 4 filed: 2026-02-18 (filing appears timely).
Primary codes reported: M (exercise/conversion of derivative) and F (tax withholding/share surrender).
Shares exercised/converted: 4,260 units; shares withheld for taxes: 1,481 shares @ $111.23 = $164,732.
Shares owned after the transaction: not specified in the provided excerpt of the filing.
Footnotes of note:
- Units include dividend equivalents and are economic equivalents of common shares settled 1-for-1 (F1–F4).
- Some units were acquired through routine dividend or qualified plan exemptions (F3).
- The award grant generally settles 3 years from the grant date and is subject to vesting/termination conditions (F5).

Context

This was a conversion/exercise with share-withholding for taxes (a common, routine way to satisfy tax obligations), not an open-market sale or an outright cash purchase. For retail investors, exercises followed by share withholding usually reflect tax compliance rather than a direct bullish or bearish trade signal.

Form 4

Period: 2026-02-14

Senior Vice President

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-14+4,260→ 9,798 total
Tax Payment
Common Stock
2026-02-14$111.23/sh−1,481$164,732→ 8,317 total
Exercise/Conversion
Stock Units
[F4][F5]
2026-02-14−4,260→ 0 total
Exp: 2026-02-14→ Common Stock (4,260 underlying)

Holdings

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.

Signature

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

1 file