Form 4: Phillips 66 Director Acquires Shares Through Stock Units

Director Gregory Hayes acquired 80 shares of Phillips 66 common stock through the receipt of Restricted Stock Units (RSUs) in lieu of a cash retainer.

Summary

• On July 1, 2024, Gregory Hayes, a director of Phillips 66, acquired 80 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 was $141.175, which is the average of the high and low price of Phillips 66 stock on that day.
• Following the transaction, Hayes beneficially owns 17,708.9391 shares, including 7,458.939 RSUs.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction. The director's decision to take RSUs could be seen as a slightly positive signal.

Positives

• Director's decision to take RSUs in lieu of cash may signal confidence in the company's future performance.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, aligning their interests with shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• The director's stock ownership aligns his interests with those of other shareholders.

Key Dates