NIBLOCK ROBERT A 4

What Happened Robert A. Niblock, a director of ConocoPhillips (COP), received an award of 298 stock units on 2026-03-16. The units were reported at a price of $121.39 each, for a total value of $36,174. The filing classifies this as a derivative award—stock units that represent company common stock on a 1-for-1 basis (see footnote F1).

Key Details

• Transaction date and filing: Award dated 2026-03-16; Form 4 filed 2026-03-17 (filed one day after the transaction).
• Transaction type and amount: Code A (award/acquisition) — 298 stock units @ $121.39; total reported value $36,174.
• Security type: Stock units treated as derivatives representing ConocoPhillips common stock 1-for-1 (F1).
• Payment/vesting notes: Reporting person elected deferred payment in five equal annual installments beginning one year after separation (F2).
• Dividends: Includes dividend equivalent units acquired through routine, exempt transactions (F3).
• Shares owned after transaction: Not specified in the provided filing.

Context This was an award of stock units (a form of compensation/ deferred equity), not an open-market purchase or sale, and is typical for director compensation or deferred payout arrangements. Because these are derivative stock units with a deferral election and dividend equivalents, they reflect compensation mechanics rather than an immediate bullish market purchase.