Form 4: Phillips 66 Director Acquires Shares Through Stock Units

Director Gregory Hayes acquired 79 shares of Phillips 66 common stock through the receipt of Restricted Stock Units (RSUs) in lieu of a cash retainer.

Summary

• On August 1, 2024, Gregory Hayes, a director of Phillips 66, acquired 79 shares of common stock.
• The acquisition was through the receipt of Restricted Stock Units (RSUs) in lieu of his annual cash retainer.
• The price per share is calculated as the average of the high and low price of Phillips 66 stock on that day, which was $143.6.
• Following the transaction, Hayes beneficially owns 17,787.9391 shares of Phillips 66 common stock, including 7,537.9391 RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction of a director receiving stock units, which is a common practice.

Positives

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

Industry Context

Directors often receive stock-based compensation to align their interests with those of shareholders. This transaction reflects a common practice in corporate governance.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates the director's confidence in the company.

Key Dates