ConocoPhillips (COP) EVP Kirk L. Johnson Receives 37,930-Unit Award

What Happened

• Kirk L. Johnson, Executive Vice President of ConocoPhillips (COP), was granted 37,930 stock units on 2026-09-01. The Form 4 reports these as a derivative award (transaction code A) at $0.00 per unit (total reported value $0).
• These are stock units (not immediate common shares) that represent ConocoPhillips common stock on a 1-for-1 basis and are a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-02 (timely).
• Reported amount: 37,930 stock units; reported price: $0.00 (award/grant).
• Shares owned after transaction: not specified on the excerpted transaction (check full filing for total beneficial ownership).
• Footnotes: units settle 5 years from the grant date (i.e., around 2031-09-01), with possible earlier or partial settlement if employment ends due to layoff, death, disability, or upon a change in control.
• Transaction code: A (award/grant); no 10b5-1 or tax-withholding notes provided in the excerpt.

Context

• This is a deferred compensation award (stock units) rather than an immediate purchase — it does not indicate an outright buy or sell in the market. Awards like this are common for executive compensation and typically vest/settle on a schedule; retail investors should view it as a compensation event, not a direct market bet by the insider.