Phillips 66 4

Exec. VP and CFO Kevin J. Mitchell exercised 11,021 stock options and sold 11,021 shares of Phillips 66 (PSX) common stock on July 9, 2026 under a Rule 10b5-1 plan.

On July 9, 2026, Phillips 66 Exec. VP and CFO Kevin J. Mitchell exercised 11,021 employee stock options with a strike price of $94.9675 per share, acquiring the same number of Phillips 66 common shares, and immediately sold all 11,021 shares in an automatic transaction under a pre-arranged Rule 10b5-1 trading plan at a weighted average price of $190.0268 per share. The gross value of the option exercise was approximately $1.05 million, and the gross sale proceeds totaled roughly $2.09 million, implying about $1.04 million of pre-tax spread realized. Following these transactions, Mitchell held 97,376 shares of Phillips 66 common stock directly, including 31,849 restricted stock units that settle into shares on a 1-for-1 basis, with an estimated total holding value of about $19.48 million based on the recent $200 market price. The options exercised were originally granted with an exercise price of $94.9675 and became exercisable in three equal annual installments beginning February 5, 2020, with an expiration date of February 5, 2029, and the current activity reflects a routine combination of option exercise and sale for liquidity and tax purposes rather than an open-market discretionary purchase.

Filing Facts

CIK

1534701

Ticker

PSX

Form

4

Source Type

sec

Accession

0001663211-26-000014

Alert Tier

6