ConocoPhillips Director Leach Reports Tax Withholding on Stock Vesting
CONOCOPHILLIPS
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Filing Summary
ConocoPhillips Director Leach Reports Tax Withholding on Stock Vesting
Company: ConocoPhillips (COP) Form: 4 | Filed: 2026-03-05 Significance: Low
Insider: Timothy A. Leach Relationship: Director
Transaction (Tax Withholding): • Type: Disposition (Tax Withholding) • Shares: 5,871 • Price: $115.94 • Value: $680,654 • Owned After: 451,211
Key Insight: Routine transaction code 'F' indicating shares withheld to satisfy tax liability upon the vesting of stock units. Insider's net share count actually increased due to the underlying vesting event.
Market Context: Transaction represents <0.001% of the company's $138.69B market cap.
Comprehensive Analysis
SEC Filing Analysis: ConocoPhillips (COP)
Executive Summary
- Trading Significance: Low
- Key Takeaway: Director Timothy Leach reported a disposition of shares solely to cover tax liabilities associated with the vesting of stock units; his total ownership remains substantial.
- Market Impact: Neutral - This is a routine administrative transaction.
Company Information
| Field | Value |
|---|---|
| Company | CONOCOPHILLIPS |
| Ticker Symbol | COP |
| CIK | 0001163165 |
| Market Cap | $138.69 Billion |
Insider Information
| Field | Value |
|---|---|
| Name | Timothy A. Leach |
| CIK | 0001034312 |
| Relationship | Director |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-03-04 |
| Transaction Code | F (Payment of exercise price or tax liability) |
| Security Type | Common Stock |
| Shares Disposed | 5,871 |
| Price Per Share | $115.935 |
| Total Value | $680,654.39 |
| Shares Owned After | 451,211 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $680,654 |
| % of Market Cap | 0.0005% |
| Shares Transacted | 5,871 |
| % of Shares Outstanding | 0.0005% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market capitalization of $138.69 billion, a $680k transaction is mathematically insignificant.
- Ownership Concentration: The insider retains 451,211 shares, valued at approximately $52.3 million, demonstrating significant continued alignment with shareholders.
- Transaction Nature: The filing shows the acquisition of 15,864 shares (via code 'M' - vesting) and the disposal of 5,871 shares (via code 'F' - tax withholding). The net result is an increase of 9,993 shares in the director's holdings.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: Transactions coded 'F' are administrative and do not reflect a change in the insider's sentiment toward the stock. The volume is negligible relative to COP's daily liquidity.
Volume & Sentiment
- Expected Volume Impact: None.
- Sentiment Indicator: Neutral.
Additional Context
Transaction Notes
- Code F: Indicates "Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security." This is not an open market sale.
- Vesting Details: The footnotes indicate these shares relate to stock units that settled 3 years from the date of grant.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.