HAYNES WELSH KONTESSA S 4

What Happened
Haynes Welsh Kontessa S, VP & Controller at ConocoPhillips, exercised/converted derivative awards on 2026-02-14 that resulted in 2,000 shares being acquired. To satisfy tax withholding obligations tied to that conversion, 487 shares were surrendered at $111.23 per share, producing $54,169 in proceeds. The filing also records a related derivative entry of 2,000 shares shown as a disposition at $0.00 (reported as a derivative transaction).

Key Details

• Transaction date: 2026-02-14; filing date: 2026-02-18.
• Reported actions: exercise/conversion of derivative(s) (code M) for 2,000 shares; payment of tax liability (code F) via surrender of 487 shares at $111.23 each = $54,169. A separate 2,000-share derivative line is reported with $0.00 proceeds.
• Shares owned after the transactions: not specified in the provided filing text.
• Footnotes: units include dividend equivalents and were economic equivalents to common stock settled 1-for-1; some units arise from routine dividend or qualified-plan transactions; certain awards may settle up to 3 years from grant subject to vesting/termination rules.
• No late-report flag was provided in the material you gave (filing date is four days after the transaction date).

Context

• Code M = exercise or conversion of a derivative; code F = shares used to pay exercise price or tax withholding. Here the conversion resulted in shares being issued, and a portion (487) was withheld/surrendered to satisfy taxes — a routine, administrative disposition rather than an open-market sale.
• This type of filing documents the mechanics of award settlement and tax withholding; it does not by itself indicate a buy or sell opinion on the executive’s view of the stock.