JOHNSON KIRK L. 4

4 · CONOCOPHILLIPS · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

ConocoPhillips EVP Kirk L. Johnson Exercises Options, Withholds 1,615 Shares

What Happened

Kirk L. Johnson, Executive Vice President of ConocoPhillips (COP), exercised derivative awards that converted into 4,103 shares on Feb 14, 2026. To cover tax withholding, 1,615 of those shares were surrendered at $111.23 per share, totaling $179,636. Net shares received = 4,103 - 1,615 = 2,488 shares.
The filing also records the derivative conversion/disposition related to the exercise (reported at $0 for the derivative instrument).

Key Details

Transaction date: 2026-02-14; Form 4 filed: 2026-02-18 (filing appears timely).
Exercise: 4,103 shares acquired via derivative conversion (transaction code M).
Tax withholding: 1,615 shares withheld/disposed to pay taxes at $111.23/share, total $179,636 (transaction code F).
Net new shares to Johnson: 2,488 shares.
Shares owned after the transaction: not specified in the provided excerpt of the filing.
Relevant footnotes: units include dividend equivalents (F1); each unit equates 1-for-1 to ConocoPhillips common stock and settles in shares (F2, F3); certain awards may settle in cash or shares up to 3 years from grant subject to vesting and termination conditions (F4).

Context

This was an exercise of a derivative (option/stock unit conversion) with shares withheld to satisfy tax obligations — a common, routine insider transaction (cashless exercise/tax withholding). The transaction does not by itself signal a buy or sell view of the stock beyond the mechanics of exercising the award.

Form 4

Period: 2026-02-14

Executive Vice President

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-02-14+4,103→ 18,630 total
Tax Payment
Common Stock
2026-02-14$111.23/sh−1,615$179,636→ 17,015 total
Exercise/Conversion
Stock Units
[F3][F4]
2026-02-14−4,103→ 0 total
Exp: 2026-02-14→ Common Stock (4,103 underlying)

Footnotes (4)

[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]The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
[F4]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