ConocoPhillips Director Robert A. Niblock Acquires 270 Stock Units

Executive Summary

On September 16, 2026, ConocoPhillips ($COP) filed a Form 4 disclosing that Director Robert A. Niblock acquired 270 Stock Units on September 15, 2026. The transaction was valued at $138.9720 per unit, totaling $37,522.44.

Transaction Breakdown

• Security: Stock Units (convertible to Common Stock on a 1-for-1 basis)
• Transaction Code: A (Grant, award, or other acquisition pursuant to Rule 16b-3)
• Shares Acquired: 270
• Price Per Share: $138.9720
• Total Transaction Value: $37,522.44
• Post-Transaction Holdings: 96,396.105 stock units (held directly)

Terms & Conditions

Per the filing footnotes:

• The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
• Distribution is deferred: the reporting person elected to receive payment in five equal annual installments starting one year after separation from board service.
• Reported holdings include dividend equivalent units acquired under routine exempt transactions (Rule 16a-11).

Market Impact & Significance

This transaction reflects routine non-employee director compensation/deferral rather than open-market buying or selling. Consequently, it carries Low predictive significance for the equity's near-term trading direction.