A large exercise of company stock options by Michael Ryan Lance, Chairman and CEO at ConocoPhillips (NYSE:COP) was disclosed in a new SEC filing on March 26, as part of an insider exercise.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Lance, Chairman and CEO at ConocoPhillips, a company in the Energy sector, just exercised stock options worth 607,000 shares of COP stock with an exercise price of $69.25.
During Wednesday's morning session, ConocoPhillips shares down by 0.28%, currently priced at $125.64. Considering the current price, Lance's 607,000 shares have a total value of $34,231,765.
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