Form 4: Phillips 66 Director Grace Puma Whiteford Acquires Shares Through Annual RSU Grant

Director Grace Puma Whiteford acquired 1,684 shares of Phillips 66 common stock through an annual grant of Restricted Stock Units (RSUs).

Summary

• Grace Puma Whiteford, a director at Phillips 66, acquired 1,684 shares of common stock on January 15, 2025.
• The acquisition was through an annual grant of Restricted Stock Units (RSUs).
• 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, Whiteford directly owns 2,019.8513 shares, which includes 335.8513 RSUs 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 can be seen as a positive sign of confidence in the company's future.

Industry Context

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

Comparison to Industry Standards

• Director compensation packages often include stock grants or options as part of their overall remuneration.
• The use of RSUs is a common method for aligning director interests with those of shareholders.
• The size of the grant is typical for a director of a company the size of Phillips 66.

Stakeholder Impact

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

Key Dates

Keywords

Phillips 66, Director, Grace Puma Whiteford, Restricted Stock Units, RSU, Share Acquisition, Form 4, Insider Trading