JOHNSON KIRK L. 4

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.