CONOCOPHILLIPS·4

Feb 18, 6:26 PM ET

Rose Kelly Brunetti 4

Research Summary

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ConocoPhillips SVP Rose Kelly Brunetti Exercises Options, Sells Shares

What Happened

  • Rose Kelly Brunetti, SVP & General Counsel of ConocoPhillips (COP), exercised/converted 10,050 stock units on Feb 14, 2026. To cover tax withholding related to the exercise, 3,719 shares were withheld/disposed at $111.23 per share, producing proceeds of $413,664. After withholding, Brunetti received a net of 6,331 shares (10,050 exercised minus 3,719 withheld).

Key Details

  • Transaction date: February 14, 2026. Form filed February 18, 2026.
  • Exercise/conversion: 10,050 stock units (derivative exercise, code M).
  • Tax/payment withholding: 3,719 shares disposed at $111.23 each for $413,664 (code F).
  • Report shows an additional derivative entry reflecting the conversion/settlement of the 10,050 units (zero-dollar disposition entry consistent with internal settlement reporting).
  • Shares owned after the transaction: not stated in the provided filing.
  • Footnotes: units include dividend equivalents (F1); each stock unit equals one share and settles in shares (F2–F3); the award generally settles three years from grant subject to certain early/partial settlement conditions (F4).
  • No late-filing flag noted in the provided information.

Context

  • This was an exercise/conversion combined with a routine tax-withholding disposition (common in cashless or net-share settlements). The withholding of shares to satisfy tax obligations (code F) is a standard administrative action and does not, by itself, indicate a change in insider sentiment.