Form 4: Phillips 66 Director Acquires Shares via RSU Conversion

Phillips 66 Director Gregory Hayes acquired 97 shares of common stock through the conversion of Restricted Stock Units, increasing his beneficial ownership.

Summary

• Phillips 66 Director Gregory Hayes acquired 97 shares of common stock.
• The transaction occurred on September 2, 2025, at a price of $132.9825 per share.
• This acquisition resulted from an election to receive Restricted Stock Units (RSUs) in lieu of his annual cash retainer, which is paid in monthly installments.
• RSUs convert to Phillips 66 common stock on a 1-for-1 basis.
• Following this transaction, Mr. Hayes beneficially owns 29,617.8108 shares, which includes 11,017.8108 RSUs.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if part of a compensation plan, generally indicates alignment of interests and confidence in the company. It's a positive but routine event.

Positives

• Director Gregory Hayes increased his beneficial ownership in Phillips 66, which can signal confidence in the company's future prospects.
• The acquisition was part of a pre-arranged compensation election (RSUs in lieu of cash retainer), aligning management's interests with shareholders.

Future Outlook

The filing does not contain specific forward-looking statements or guidance, as it primarily reports a past transaction.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends. It reflects an individual director's compensation election within the energy sector.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively, signaling management's commitment and belief in the company's value.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction where a director received shares as part of their compensation plan. While it shows alignment of interests, it does not provide new fundamental information about the company's performance or strategic direction that would warrant a change in investment recommendation. Investors should continue to hold based on their existing analysis of Phillips 66's fundamentals.

Keywords

Phillips 66, PSX, Gregory Hayes, Director, Insider Trading, Form 4, Restricted Stock Units, RSU, Stock Acquisition, Beneficial Ownership