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

Phillips 66 Director Gregory Hayes acquired 114 shares of common stock on June 2, 2025, as part of his annual retainer compensation, increasing his beneficial ownership to over 20,000 shares.

Summary

• Gregory Hayes, a Director at Phillips 66 (PSX), reported an acquisition of common stock.
• The transaction occurred on June 2, 2025, and involved the acquisition of 114 shares of Phillips 66 Common Stock.
• The shares were acquired at an average price of $113.265 per share, which was calculated as the average of the high and low price of the company's stock on the transaction date.
• This acquisition resulted from the reporting person electing to receive Restricted Stock Units (RSUs) in lieu of his annual cash retainer, paid in monthly installments.
• RSUs convert to Phillips 66 common stock on a 1-for-1 basis.
• Following this transaction, Mr. Hayes beneficially owns a total of 20,860.1347 shares of Phillips 66 common stock, which includes 10,610.1347 RSUs that settle for shares on a 1-for-1 basis.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it indicates a director's continued accumulation of company stock, even if compensation-driven, which aligns their interests with shareholders. However, it's a routine transaction and not indicative of significant new developments.

Positives

• A director increasing their beneficial ownership, even through compensation, can be viewed as a minor positive signal of alignment with shareholder interests.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing details a routine insider transaction related to director compensation within the energy refining and marketing sector. It does not provide insights into broader industry trends or competitive dynamics, but rather reflects an individual's equity holdings in Phillips 66.

Related Party Transactions

• The acquisition of shares by Director Gregory Hayes through the conversion of RSUs received as part of his annual retainer constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The transaction may be viewed as a minor positive signal, indicating a director's continued equity stake and alignment with shareholder interests, though it is a routine compensation-related event.

Key Dates

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Director Compensation, Restricted Stock Units, Equity Acquisition, Beneficial Ownership