Form 4: Phillips 66 Director John E. Lowe Acquires Shares Through Annual RSU Grant

Director John E. Lowe acquired 1,684 shares of Phillips 66 common stock through an annual grant of Restricted Stock Units (RSUs).

Summary

• John E. Lowe, 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 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. Lowe beneficially owns 83,474.5791 shares, including 43,474.5791 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The annual grant of RSUs is a standard practice for non-employee directors.

Industry Context

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

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as part of director compensation is a common practice among publicly traded companies.
• The vesting and conversion of RSUs to common stock on a 1-for-1 basis is a standard approach.
• The reporting of these transactions via SEC Form 4 is a regulatory requirement for company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Phillips 66, Director, John E. Lowe, Restricted Stock Units, RSU, Share Acquisition, Form 4, Insider Trading