PSX Form 4: Gregory Hayes elected 95 RSUs converting 1-for-1
Rhea-AI Filing Summary
Gregory Hayes, a director of Phillips 66 (PSX), elected to receive 95 Restricted Stock Units (RSUs) in lieu of his monthly cash retainer, with the RSUs converting 1-for-1 into Phillips 66 common stock. The transaction date is 10/01/2025 and the filing was signed on 10/02/2025. The form reports an average price of $135.34 based on the high and low on 10/01/2025 and shows total beneficial ownership following the transaction of 29,712.8108 shares, which includes 11,112.8108 RSUs that will settle into shares.
Positive
- Director elected RSUs in lieu of cash retainer, showing compensation paid as equity
- 95 RSUs granted on 10/01/2025, converting 1-for-1 into common stock
- Filing dated 10/02/2025 discloses transaction promptly after the trade date
Negative
- None.
Insights
Director elected RSUs instead of cash retainer on 10/01/2025.
The filing shows Gregory Hayes elected to receive 95 RSUs in lieu of his annual cash retainer, with RSUs converting 1-for-1 into common stock.
This is a standard director compensation election and increases reported beneficial ownership to 29,712.8108 shares, including 11,112.8108 RSUs that will settle into shares.
Form 4 filed promptly after the 10/01/2025 transaction, signature dated 10/02/2025.
The report is filed under Section 16 and indicates it was submitted by one reporting person and signed by an attorney-in-fact on 10/02/2025.
The price shown, $135.34, is disclosed as the average of the high and low on the transaction date, consistent with Form 4 disclosure practices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 95 | $135.34 | $13K |
Footnotes (1)
- The reporting person elected to receive Restricted Stock Units (RSUs) in lieu of his annual cash retainer, which retainer is paid in monthly installments. RSUs convert to Phillips 66 common stock on a 1-for-1 basis. The price reflected above is the average of the high and the low price of Phillips 66's common stock on October 1, 2025. Includes 11,112.8108 RSUs that settle for shares of Phillips 66 common stock on a 1-for-1 basis.