ConocoPhillips (NYSE: COP) EVP Nicholas Olds makes bona fide gift of 1,903 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ConocoPhillips Executive Vice President Nicholas G. Olds reported a bona fide gift of 1,903 shares of ConocoPhillips common stock. The shares were transferred at a reported price of $0.00 per share as a charitable-style disposition, not an open-market sale.
Following the gift, Olds directly holds 3,492 shares of common stock and has an additional 1,361.969 shares held indirectly through the ConocoPhillips Savings Plan. The plan holdings include units acquired through routine dividend transactions and a qualified plan that are exempt under rules 16a-11 and 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,903 shares gifted
Mixed
2 txns
Insider
Olds Nicholas G
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,903 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,492 shares (Direct);
Common Stock — 1,361.969 shares (Indirect, By ConocoPhillips Savings Plan)
Footnotes (1)
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Key Figures
Gifted shares: 1,903 shares
Gift price: $0.00 per share
Direct holdings after transaction: 3,492 shares
+3 more
6 metrics
Gifted shares
1,903 shares
Bona fide gift of common stock
Gift price
$0.00 per share
Reported transaction price for gifted shares
Direct holdings after transaction
3,492 shares
Common stock directly held after gift
Indirect plan holdings
1,361.969 shares
Held through ConocoPhillips Savings Plan
Gift transactions count
1 gift
Gift transactions in this Form 4
Total gifted shares
1,903 shares
Aggregate gift shares in transaction summary
Key Terms
Bona fide gift, ConocoPhillips Savings Plan, rule 16a-11, rule 16b-3, +1 more
5 terms
Bona fide gift financial
"transaction_code_description": "Bona fide gift""
ConocoPhillips Savings Plan financial
"nature_of_ownership": "By ConocoPhillips Savings Plan""
rule 16a-11 regulatory
"routine dividend transactions that are exempt under rule 16a-11"
rule 16b-3 regulatory
"qualified plan that are exempt under rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transaction did ConocoPhillips (COP) executive Nicholas Olds report?
Nicholas G. Olds reported a bona fide gift of 1,903 shares of ConocoPhillips common stock. This is a non-market, no‑price transfer classified as a charitable-style disposition rather than a purchase or sale in the open market.
Is the ConocoPhillips (COP) Form 4 transaction an open-market sale or purchase?
The Form 4 shows a bona fide gift, not an open-market trade. The transaction is coded as a gift disposition with a $0.00 per share price, meaning no cash changed hands and it does not reflect buying or selling in the market.
What does the ConocoPhillips Savings Plan holding mean in Nicholas Olds’ Form 4?
The filing shows 1,361.969 shares held indirectly through the ConocoPhillips Savings Plan. A footnote explains these units were acquired via routine dividend transactions and a qualified plan, both exempt under SEC rules 16a-11 and 16b-3.