Form 4: Phillips 66 Director Acquires Shares Through Restricted Stock Units

Director Gregory Hayes acquired 105 shares of Phillips 66 common stock through the conversion of Restricted Stock Units (RSUs) in lieu of a cash retainer.

Summary

• On April 1, 2025, Gregory Hayes, a director of Phillips 66, acquired 105 shares of common stock.
• The acquisition was made through the conversion of Restricted Stock Units (RSUs) in lieu of his annual cash retainer.
• The price per share was $122.585, which is the average of the high and low price of Phillips 66 stock on that day.
• Following the transaction, Hayes beneficially owns 20,512.0979 shares, including 10,262.0979 RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The director's acceptance of RSUs instead of cash could be seen as a slightly positive signal.

Positives

• The director's decision to receive RSUs instead of cash may signal confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, aligning director interests with shareholder value.
• The use of RSUs is a common method for granting equity to directors and employees in publicly traded companies.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director stock ownership.
• The director's equity stake aligns his interests with those of shareholders.

Key Dates

Keywords

Phillips 66, Director, Gregory Hayes, Form 4, Restricted Stock Units, RSUs, Beneficial Ownership, Common Stock, Acquisition