Form 4: Phillips 66 Director Acquires Shares Through RSU Conversion

Director Gregory Hayes acquired 113 shares of Phillips 66 common stock through the conversion of Restricted Stock Units (RSUs) in lieu of a cash retainer.

Summary

• On January 2, 2025, Gregory Hayes, a director of Phillips 66, acquired 113 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 $114.6625, which is the average of the high and low price of Phillips 66 stock on that day.
• Following the transaction, Hayes beneficially owns 18,414.2121 shares, including 8,164.2121 RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction. The director's acceptance of RSUs 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 routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This transaction reflects a director's compensation strategy and investment in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding insider transactions.

Key Dates