LEACH TIMOTHY A 4

What Happened

• Timothy A. Leach, a director of ConocoPhillips (COP), recorded a derivative conversion (Form 4 code M) on Apr 15, 2026 that resulted in 2,230 shares being acquired/issued to him. The filing shows the acquisition priced at $0.00, i.e., no cash was paid at conversion. The Form 4 was filed on Apr 17, 2026 to report the Apr 15 transaction.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (timely reporting).
• Transaction type/code: M — exercise or conversion of a derivative security (settled in shares).
• Shares acquired: 2,230 shares (two entries reporting the conversion; one shows $0.00 price).
• Consideration paid: $0.00 shown on the filing (no cash exchanged at conversion).
• Shares owned after transaction: not disclosed in this Form 4.
• Relevant footnotes from the filing:
  • F1: Each stock unit was the economic equivalent of one share and settled in shares.
  • F2: Includes units acquired through routine dividend transactions exempt under Rule 16a-11.
  • F3: Stock units represent ConocoPhillips common stock on a 1-for-1 basis.
  • F4: Reporting person elected to receive payment as a lump sum three months from initial grant date.

Context

• The filing is coded as a derivative conversion (M). Footnotes indicate these were stock units that converted into shares on a 1:1 basis and were settled as shares, not an open-market purchase or sale. There is no accompanying sale reported, so the shares were retained rather than cashed out. This type of transaction typically reflects vesting/conversion of equity compensation rather than an active market buy or sale.