Form 4: Phillips 66 Director Acquires Shares Through Stock Units

Director Gregory Hayes acquired 97 shares of Phillips 66 common stock through the conversion of Restricted Stock Units (RSUs) in lieu of a cash retainer.

Summary

• Gregory Hayes, a director at Phillips 66, acquired 97 shares of common stock on December 2, 2024.
• The shares were obtained through the conversion of Restricted Stock Units (RSUs).
• These RSUs were received in place of a portion of his annual cash retainer.
• The conversion rate is one RSU for one share of common stock.
• The price per share was $134.305, which is the average of the high and low price of the company's stock on that day.
• Following the transaction, Mr. Hayes beneficially owns 18,301.2121 shares, which includes 8,051.2121 RSUs.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation. It is neither particularly positive nor negative.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the compensation structure for board members.

Comparison to Industry Standards

• The use of RSUs as part of director compensation is a common practice among publicly traded companies.
• The reporting of insider transactions via Form 4 is a standard regulatory requirement for all US listed companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a small number of shares being acquired by a director.

Key Dates

Keywords

Phillips 66, Director, Stock Acquisition, Restricted Stock Units, RSUs, Insider Trading, Form 4