Phillips 66 (NYSE: PSX) director adds stock via RSU grant and open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Phillips 66 director Kevin Omar Meyers increased his equity stake through a compensation grant and an open-market purchase. He received 949 Restricted Stock Units (RSUs) that convert into Phillips 66 common stock on a 1-for-1 basis as a prorated annual grant for joining the board. He then bought 175 shares of common stock in an open-market transaction at a price of $173.20 per share. After these transactions, he directly holds 16,624 shares of Phillips 66 common stock, which includes 949 RSUs that will settle in shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 175 shares ($30,310)
Net Buy
2 txns
Insider
Meyers Kevin Omar
Role
Director
Bought
175 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 175 | $173.20 | $30K |
| Grant/Award | Common Stock | 949 | $172.8375 | $164K |
Holdings After Transaction:
Common Stock — 16,624 shares (Direct)
Footnotes (1)
- Grant of Restricted Stock Units (RSUs) that convert to Phillips 66 common stock on a 1-for-1 basis. This is a prorated amount of the annual grant to reflect the new director joining the board. The price reflected above is the average of the high and the low price of the Company's stock on March 16, 2026. Includes 949 RSU that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
FAQ
What insider transactions did Phillips 66 (PSX) director Kevin Omar Meyers report?
Kevin Omar Meyers reported two transactions: a grant of 949 Restricted Stock Units (RSUs) that convert into common stock on a 1-for-1 basis, and an open-market purchase of 175 Phillips 66 common shares. Both transactions increase his direct equity exposure to the company.
What is the nature of the 949 RSUs granted to Phillips 66 (PSX) director Kevin Omar Meyers?
The 949 RSUs are a grant of Restricted Stock Units that settle into Phillips 66 common stock on a 1-for-1 basis. The filing notes this is a prorated portion of the annual director grant, reflecting Meyers joining the board during the year rather than at the usual grant date.
Are Kevin Omar Meyers’ Phillips 66 (PSX) holdings direct or through another entity?
The filing classifies Kevin Omar Meyers’ ownership as direct, indicated by the ownership code “D” for both the RSU grant and the open-market purchase. No footnotes state that the shares are held by a trust, LLC, or other related entity on his behalf.
How is the value of the RSU grant to Kevin Omar Meyers for Phillips 66 (PSX) determined?
For the RSU grant to Kevin Omar Meyers, the filing states that the price reflected is the average of the high and low prices of Phillips 66 stock on March 16, 2026. This average price is used to value the 949 RSUs awarded to him.