Form 4: Phillips 66 Director Acquires Shares

Phillips 66 Director Gregory Hayes acquired 94 shares of common stock through an RSU election, increasing his beneficial ownership.

Summary

• Phillips 66 Director Gregory Hayes acquired 94 shares of common stock on November 3, 2025.
• The transaction occurred at an average price of $136.755 per share, calculated as the average of the high and low price on the transaction date.
• This acquisition resulted from Mr. Hayes electing to receive Restricted Stock Units (RSUs) in lieu of his annual cash retainer, which is paid in monthly installments.
• RSUs convert to Phillips 66 common stock on a 1-for-1 basis.
• Following this transaction, Mr. Hayes beneficially owns a total of 29,806.8108 shares, which includes 11,206.8108 RSUs that settle for common stock.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as a director's acquisition of shares, even if compensation-related, generally signals confidence in the company and aligns management interests with shareholders.

Positives

• A director increasing their stake, even through compensation, can signal confidence in the company's future prospects and aligns management interests with shareholders.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

Insider transactions, particularly those involving compensation-related stock acquisitions by directors, are a common practice across industries. They generally indicate alignment of interests between management and shareholders, though the market impact of such routine, smaller-scale transactions is typically limited.

Comparison to Industry Standards

• This transaction represents a routine compensation-related stock acquisition for a director, which is a standard practice in corporate governance across publicly traded companies. It does not provide a basis for direct comparison to specific company performance metrics or project results within the energy industry.

Stakeholder Impact

• Shareholders may view this transaction as a positive signal, indicating that a director is increasing their personal stake in the company, which can suggest confidence in future performance.

Key Dates

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Director Stock Acquisition, Restricted Stock Units, Beneficial Ownership