secwatch.observer — SEC 8-K summary
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Issuer:     CONOCOPHILLIPS (COP)
CIK:        0001163165
Form:       8-K
Filed at:   2026-08-11T20:15:53+00:00
Accession:  0001104659-26-094062
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConocoPhillips announces CEO succession: O'Brien to become CEO, Lance to Executive Chair, Haynes-Welsh CFO
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- Ryan Lance retires as President/CEO, becomes Executive Chair effective Sept 1, 2026; Andy O'Brien named President/CEO and board member.
- Konnie Haynes-Welsh promoted to SVP and CFO; Greig Patterson becomes VP Finance and Controller, effective Sept 1, 2026.
- O'Brien compensation: base salary $1.7M, VCIP target 160% of base, LTI target $13.08M; Lance base reduced to $1.1M.
- Haynes-Welsh base salary $742,972, VCIP/RSU/PS targets 83%/110%/205% of base; additional PS units under PSP 24-26.
- Kirk Johnson gets $5M RSU vesting in 5 years; Nicholas Olds gets $3M RSU vesting in 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163165/000110465926094062/0001104659-26-094062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163165/000110465926094062/tm2622739d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-094062

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