Form 4: Phillips 66 Director Charles M. Holley Acquires Shares Through Annual RSU Grant

Director Charles M. Holley acquired 1,684 shares of Phillips 66 common stock through an annual grant of Restricted Stock Units (RSUs).

Summary

• Charles M. Holley, a director at Phillips 66, acquired 1,684 shares of common stock on January 15, 2025.
• The acquisition was part of an annual grant of Restricted Stock Units (RSUs) to non-employee directors.
• The RSUs convert to Phillips 66 common stock on a 1-for-1 basis.
• The price per share was $118.7769, which is the average of the high and low price of the company's stock on that day.
• Following the transaction, Mr. Holley beneficially owns 16,369.544 shares, including 16,292.5439 RSUs and shares acquired through routine dividend transactions.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively by the market. The acquisition of shares by a director can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The annual grant of RSUs aligns director interests with those of shareholders.

Industry Context

This is a routine transaction related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• The granting of RSUs to non-employee directors is a standard practice among publicly traded companies as part of their compensation packages.
• The number of shares granted and the valuation method are consistent with industry norms for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with those of the company.

Key Dates

Keywords

Phillips 66, Director, Charles M. Holley, Restricted Stock Units, RSU, Share Acquisition, Beneficial Ownership, SEC Form 4