Charles Douglas Johnson - Jan 20, 2022 Form 4 Insider Report for PHILLIPS 66 PARTNERS LP (PSXP)

Role
Director
Signature
Julie P. Pradel, by Power of Attorney
Stock symbol
PSXP
Transactions as of
Jan 20, 2022
Transactions value $
$0
Form type
4
Date filed
1/20/2022, 05:30 PM
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PSXP Common Units 8K Jan 20, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PSXP Phantom Units Award $0 +2.39K $0.00 2.39K Jan 20, 2022 Common Units (Limited Partner Interests) 2.39K Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit of Phillips 66 Partners LP.
F2 The plan dictates January 15th as the grant date, but due to that being a holiday weekend, the reporting person was not notified of the transaction until the 20th, which is the transaction date per Rule 16a-3(g).
F3 Annual grant to non-employee directors of phantom units.
F4 Phantom units vest on the third anniversary of the grant.
F5 The phantom units do not have an expiration date.