Form 4: Phillips 66 Director Gregory Hayes Acquires Shares Through RSU Conversion

Director Gregory Hayes increased his holdings in Phillips 66 through the acquisition of shares via Restricted Stock Units (RSUs) in lieu of a cash retainer.

Summary

• On March 3, 2025, Gregory Hayes, a director of Phillips 66, acquired 102 shares of common stock.
• The acquisition was made through the conversion of Restricted Stock Units (RSUs) into common stock.
• The price per share was $127.8, representing the average of the high and low price of Phillips 66 stock on that day.
• Following the transaction, Hayes directly owns 20,311.2121 shares, including 10,061.2121 RSUs that will settle for shares on a 1-for-1 basis.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of an insider transaction. The director taking equity instead of cash is a mildly positive signal.

Positives

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

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency to the market regarding the buying and selling activities of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates