Form 4: Phillips 66 Director Acquires Shares Through RSU Conversion

Director Gregory Hayes acquired 95 shares of Phillips 66 common stock through the conversion of Restricted Stock Units (RSUs) in lieu of a cash retainer.

Summary

• On October 1, 2024, Gregory Hayes, a director of Phillips 66, acquired 95 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 $131.715, which is the average of the high and low price of Phillips 66 stock on that day.
• Following the transaction, Hayes beneficially owns 18,029.6814 shares of Phillips 66 common stock, including 7,779.6814 RSUs.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction (RSU conversion) by a director. It's a positive signal that the director is increasing their stake in the company, but it's not a major market-moving event.

Positives

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

Industry Context

Insider transactions are closely watched as they can provide insights into management's perspective on the company's valuation and future prospects. The acquisition of shares by a director, even through RSU conversion, is generally viewed positively.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates