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

Director Douglas T. Terreson acquired 1,684 shares of Phillips 66 common stock through an annual grant of Restricted Stock Units (RSUs).

Summary

• Douglas T. Terreson, 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, Mr. Terreson beneficially owns 9,208.0478 shares, including shares acquired through routine dividend transactions.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

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

Industry Context

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

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as part of director compensation is a common practice among large publicly traded companies.
• Many companies in the energy sector, such as ExxonMobil and Chevron, also use RSUs as part of their director compensation packages.
• The vesting schedules and terms of these grants are typically aligned with industry standards to incentivize long-term value creation.

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, Stock Acquisition, Restricted Stock Units, RSU, Insider Trading, Form 4, Beneficial Ownership