Greg C. Garland - 07 Aug 2023 Form 4 Insider Report for Phillips 66 (PSX)

Signature
Jenarae N. Garland, Attorney-in-Fact
Issuer symbol
PSX
Transactions as of
07 Aug 2023
Net transactions value
-$5,559,115
Form type
4
Filing time
09 Aug 2023, 19:45:21 UTC
Previous filing
23 May 2023
Next filing
05 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSX Common Stock Options Exercise $13,318,228 +169,400 +26% $78.62 831,766 07 Aug 2023 Direct F1
transaction PSX Common Stock Sale $18,877,343 -169,400 -20% $111.44 662,366 07 Aug 2023 Direct F1, F2
holding PSX Common Stock 500 07 Aug 2023 Executor of father's estate
holding PSX Common Stock 21,021 07 Aug 2023 By Phillips 66 Savings Plan F3

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 Employee Stock Option (Right to Buy) Options Exercise $0 -169,400 -100% $0.000000* 0 07 Aug 2023 Common Stock 169,400 $78.62 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 86,169 Restricted Stock Units (RSUs) that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
F2 The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.04 to $112.39. The reporting person hereby undertakes to provide upon request of the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
F3 Based on a recent 401(k) plan statement. Includes shares acquired through on-going acquisitions under 401(k) plan and/or routine dividend transactions that are exempt under rule 16a-11.
F4 The options became exercisable in three equal annual installments beginning on February 2, 2017.