ConocoPhillips EVP Nicholas Olds Receives 22,758-Unit Award

What Happened
Nicholas G. Olds, Executive Vice President of ConocoPhillips (COP), received a grant of 22,758 stock units on 2026-09-01. The Form 4 reports the acquisition price as $0.00 (award/derivative grant). These stock units represent ConocoPhillips common stock on a 1-for-1 basis and do not reflect an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01; filing date: 2026-09-02 (timely file).
• Transaction type: A (award/grant of stock units); reported acquisition price: $0.00.
• Units granted: 22,758 stock units (each unit equals one share when settled).
• Settlement: Grant generally settles 3 years from grant date; may settle earlier or partially upon layoff, death, disability, or change in control (per footnotes).
• Shares owned after transaction: not disclosed in the provided filing.
• This is a compensation award (deferred equity), not a market purchase or sale.

Context
Deferred stock-unit awards are a common form of executive compensation and typically vest/settle over time; they do not indicate an immediate cash investment or sale by the insider. Because these are derivative/award units scheduled to convert to shares later, they should be interpreted as compensation-related rather than a direct signal of the insider buying or selling stock today.