Form 4: Phillips 66 Director Acquires Shares Through RSU Conversion

Director Gregory Hayes acquired 111 shares of Phillips 66 common stock through the conversion of Restricted Stock Units (RSUs) in lieu of a cash retainer.

Summary

• On February 3, 2025, Gregory Hayes, a director of Phillips 66, acquired 111 shares of common stock.
• The acquisition was through the conversion of Restricted Stock Units (RSUs) in lieu of his annual cash retainer.
• The price per share was $116.82, calculated as the average of the high and low price of Phillips 66 stock on that day.
• Following the transaction, Hayes beneficially owns 20,209.2121 shares of Phillips 66 common stock, including 9,959.2121 RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction of a director receiving stock as part of their compensation. It doesn't indicate any significant positive or negative outlook.

Positives

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

Industry Context

Directors receiving equity compensation is a common practice in publicly traded companies, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the director's ongoing investment in the company.

Key Dates

Keywords

Phillips 66, Director, Gregory Hayes, RSU, Stock Acquisition, Form 4, Beneficial Ownership