Form 4: Phillips 66 Director Acquires Shares Through Annual RSU Grant

Director Denise R. Singleton acquired 1,684 shares of Phillips 66 common stock through an annual grant of Restricted Stock Units (RSUs).

Summary

• Denise R. Singleton, a director at Phillips 66, acquired 1,684 shares of common stock on January 15, 2025.
• The acquisition was part of an annual grant of Restricted Stock Units (RSUs) to non-employee directors.
• The RSUs convert to Phillips 66 common stock on a 1-for-1 basis.
• The price per share was $118.7769, which is the average of the high and low price of the company's stock on that day.
• Following the transaction, Ms. Singleton beneficially owns 9,208.0478 shares, all of which are RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The annual grant of RSUs aligns the interests of non-employee directors with those of shareholders.

Industry Context

This is a routine transaction related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• The granting of RSUs to non-employee directors is a standard practice in corporate governance.
• The number of shares granted is consistent with typical director compensation packages at similar companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with those of shareholders.

Key Dates

Keywords

Phillips 66, Director, Stock Acquisition, Restricted Stock Units, RSU, PSX, Denise R. Singleton