Form 4: Phillips 66 Director Gregory Hayes Boosts Equity Stake Through RSU Conversion

Phillips 66 Director Gregory Hayes acquired 106 shares of common stock on July 1, 2025, by electing to receive Restricted Stock Units in lieu of his cash retainer, increasing his total beneficial ownership to 20,966.1347 shares.

Summary

• Gregory Hayes, a Director at Phillips 66 (PSX), acquired 106 shares of common stock.
• The transaction occurred on July 1, 2025.
• The shares were acquired at an average price of $121.6475 per share.
• This acquisition resulted from Mr. Hayes electing to receive Restricted Stock Units (RSUs) instead of his annual cash retainer, with RSUs converting to common stock on a 1-for-1 basis.
• Following this transaction, Mr. Hayes beneficially owns 20,966.1347 shares of Phillips 66 common stock, which includes 10,716.1347 RSUs.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, particularly through an election to receive equity instead of cash, generally signals confidence in the company's future prospects and aligns management interests with shareholders.

Positives

• Director Gregory Hayes increased his beneficial ownership in Phillips 66, indicating strong alignment of interests with shareholders.
• The election to receive Restricted Stock Units (RSUs) in lieu of a cash retainer demonstrates confidence in the company's future performance and long-term value.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to increased equity ownership, potentially fostering greater confidence in the company's leadership.

Key Dates

Keywords

Phillips 66, PSX, Gregory Hayes, Director, SEC Form 4, Insider Trading, Stock Acquisition, Restricted Stock Units, RSU, Share Ownership, Corporate Governance