Kevin J. Mitchell - 01 Dec 2023 Form 4 Insider Report for Phillips 66 (PSX)

Role
Exec. VP and CFO
Signature
/s/ Jenarae N. Garland, as Attorney-in-Fact
Issuer symbol
PSX
Transactions as of
01 Dec 2023
Net transactions value
-$1,698,663
Form type
4
Filing time
05 Dec 2023, 18:43:01 UTC
Previous filing
11 Sep 2023
Next filing
08 Feb 2024
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 $58,536 -452 -0.44% $129.50 103,351 01 Dec 2023 Direct F1, F2, F3
transaction PSX Common Stock Options Exercise $2,487,658 +31,700 +31% $78.48 135,051 01 Dec 2023 Direct F3
transaction PSX Common Stock Sale $4,127,784 -31,700 -23% $130.21 103,351 01 Dec 2023 Direct F3, F4
holding PSX Common Stock 1,301 01 Dec 2023 COP Savings Plan
holding PSX Common Stock 4,602 01 Dec 2023 Held by Spouse

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 -31,700 -100% $0.000000* 0 01 Dec 2023 Common Stock 31,700 $78.48 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction represents the withholding of shares by the Issuer to satisfy FICA taxes.
F2 The price reflected above is the average of the high and the low price of the Company's stock on December 1, 2023.
F3 Includes 41,205 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
F4 The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130 to $130.69. 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 The stock options became exercisable in three equal annual installments beginning February 7, 2018.