Form 4: Phillips 66 Director Lisa Ann Davis Acquires Shares Through RSU Grant

Director Lisa Ann Davis acquired 1,684 shares of Phillips 66 common stock through a restricted stock unit grant.

Summary

• Lisa Ann Davis, a director at Phillips 66, acquired 1,684 shares of common stock on January 15, 2025.
• The acquisition was through a grant of Restricted Stock Units (RSUs) that 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, Ms. Davis beneficially owns 11,067 shares of Phillips 66 common stock.

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's future.

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

Comparison to Industry Standards

• The granting of RSUs to non-employee directors is a common practice among publicly traded companies as part of their compensation packages.
• The value of the grant is consistent with typical director compensation practices in the energy sector.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also use similar equity-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

Phillips 66, Director, Lisa Ann Davis, Restricted Stock Units, RSU, Share Acquisition, Form 4, Insider Trading