Johnson Charles Douglas 4
4 · PHILLIPS 66 PARTNERS LP · Filed Jan 20, 2022
Insider Transaction Report
Form 4
Johnson Charles Douglas
Vice President and Controller
Transactions
- Award
Phantom Units
2022-01-20+2,389→ 2,389 total→ Common Units (Limited Partner Interests) (2,389 underlying)
Holdings
- 8,000
Common Units
Footnotes (5)
- [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.