Greg C. Garland - 07 Feb 2022 Form 4 Insider Report for Phillips 66 (PSX)

Role
Chairman and CEO, Director
Signature
Julie P. Pradel, Attorney in Fact
Issuer symbol
PSX
Transactions as of
07 Feb 2022
Net transactions value
-$3,092,361
Form type
4
Filing time
09 Feb 2022, 17:03:12 UTC
Previous filing
07 Oct 2021
Next filing
10 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSX Common Stock Tax liability $1,044,886 -11,780 -1.9% $88.70 610,989 07 Feb 2022 Direct F1, F2, F3
transaction PSX Common Stock Options Exercise $9,125,806 +126,300 +21% $72.26 737,289 07 Feb 2022 Direct
transaction PSX Common Stock Sale $11,173,281 -126,300 -17% $88.47 610,989 07 Feb 2022 Direct F4
holding PSX Common Stock 19,159 07 Feb 2022 By Phillips 66 Savings Plan F5
holding PSX Common Stock 500 07 Feb 2022 Executor of father's estate

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 PSX Stock Options (Right to Buy) Options Exercise $0 -126,300 -100% $0.000000* 0 07 Feb 2022 Common Stock 126,300 $72.26 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs) granted on February 5, 2019.
F2 The price reflected above is the average of the high and the low price of the Company's stock on February 4, 2022.
F3 Includes 76,479 RSUs that settle for shares of Phillips 66 common stock on a 1-for-1 basis on the third anniversary of the date of grant.
F4 The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.99 to $88.97. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 Includes shares acquired through on-going acquisitions under 401(k) plan and/or routine dividend transactions that are exempt under rule 16a-11.
F6 The stock options became exercisable in three equal annual installments beginning February 6, 2015.