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

Director Robert W. Pease acquired 1,684 shares of Phillips 66 common stock through an annual grant of Restricted Stock Units (RSUs).

Summary

• Robert W. Pease, a director at Phillips 66, acquired 1,684 shares of common stock on January 15, 2025.
• The acquisition was through an annual grant of Restricted Stock Units (RSUs) that convert to 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, Mr. Pease beneficially owns 3,624.0895 shares, which includes 2,942.0895 RSUs and shares acquired through routine dividend transactions.

Sentiment

Score: 7

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

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing 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 common practice among publicly traded companies as part of their compensation packages.
• The specific number of shares and the value are specific to Phillips 66 and its compensation policies, but the mechanism is standard across the industry.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also use similar methods for director compensation, though the specific amounts and vesting schedules may differ.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Phillips 66, Director, Robert W. Pease, Stock Acquisition, Restricted Stock Units, RSUs, Form 4, Insider Trading