Kevin J. Mitchell - 15 Aug 2024 Form 4 Insider Report for Phillips 66 (PSX)

Signature
/s/ Jenarae N. Garland, by Power of Attorney
Issuer symbol
PSX
Transactions as of
15 Aug 2024
Net transactions value
-$1,929,411
Form type
4
Filing time
19 Aug 2024, 16:57:20 UTC
Previous filing
12 Feb 2024
Next filing
09 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSX Common Stock Options Exercise $2,241,000 +30,000 +37% $74.70 111,937 15 Aug 2024 Direct F1, F2
transaction PSX Common Stock Sale $4,170,411 -30,000 -27% $139.01 81,937 15 Aug 2024 Direct F1, F2, F3
holding PSX Common Stock 1,301 15 Aug 2024 COP Savings Plan

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 -30,000 -34% $0.000000 57,200 15 Aug 2024 Common Stock 30,000 $74.70 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise of stock options and sale of shares acquired upon exercise were made solely at the direction of the reporting person's ex-spouse pursuant to a domestic relations order. The reporting person's ex-spouse will retain the after-tax proceeds from the sales.
F2 Includes 34,439 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis. Since the date of the reporting person's last ownership report, the reporting person transferred 24,770 shares of Phillips 66 common stock to the reporting person's ex-spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
F3 The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.715 to $139.32. 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.
F4 The stock options became exercisable in three equal annual installments beginning February 9, 2022.