[144] PHILLIPS 66 SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Phillips 66 (PSX): This filing reports a proposed sale of 4,393 common shares acquired as vested restricted stock units on 01/17/2025 as a compensatory payment. The broker listed is Merrill Lynch in Atlanta and the aggregate market value at the time of notice is $593,055.00 with an outstanding share count shown as 404,124,265. The filing also discloses a sale of the same 4,393 shares on 07/08/2025 with gross proceeds of $571,090.00 by Vanessa Sutherland. The form includes the usual signature attestation about absence of undisclosed material information.

Positive

• Transparent disclosure of an insider sale under Rule 144 including broker, share count, and aggregate market value
• Transaction arose from RSU vesting, indicating compensatory origin rather than opportunistic purchase timing

Negative

• Insider sale reported of 4,393 shares which could be perceived negatively by some investors
• Limited contextual detail provided about the seller's role or any trading plan adoption date, reducing interpretability

Insights

Securities Analyst

TL;DR: Insider sale of 4,393 vested RSUs for roughly $593k reported; routine disclosure, likely immaterial to PSX market cap.

The filing documents a proposed sale by an individual who received securities through restricted stock unit vesting. The transaction is identified as compensatory, indicating it arose from employee compensation rather than an external purchase. The size of the block (~$0.59 million) is small versus the reported outstanding shares and typical market capitalization of Phillips 66, suggesting limited direct impact on shares outstanding or liquidity. The form follows Rule 144 requirements and flags an executed sale on 07/08/2025 that yielded slightly lower gross proceeds than the stated aggregate market value in the notice, indicating normal market price movement between notice and sale.

Corporate Governance Expert

TL;DR: Proper Rule 144 disclosure of compensatory RSU sale; governance practices appear followed, no governance red flags in this notice.

The filer states acquisition via RSU vesting from Phillips 66 and lists the broker and planned sale date. The required attestation about no undisclosed material information is included. There is no indication of unusual timing tied to material corporate events in this filing. From a governance perspective, the document meets procedural disclosure expectations for insider transactions; however, it does not provide context such as role of the seller or trading plan adoption dates, so visibility on intent is limited to the mandatory statements in the form.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	MERRILL LYNCH 3455 PEACHTREE RD NE SUITE 1000 ATLANTA GA 30326	4393	593055.00	404124265	09/09/2025	NEW YORK

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	01/17/2025	RESTRICTED STOCK UNIT VEST	PHILLIPS 66			4393	01/17/2025	COMPENSATORY PAYMENT

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
VANESSA SUTHERLAND 2331 CITYWEST BLVD HOUSTON TX 77042	COMMON	07/08/2025	4393	571090.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for Phillips 66 (PSX) report?

The form reports a proposed sale of 4,393 common shares acquired via RSU vesting on 01/17/2025 with an aggregate market value of $593,055.00.

Who is the broker handling the proposed sale in the PSX Form 144?

The broker listed is Merrill Lynch, located at 3455 Peachtree Rd NE Suite 1000, Atlanta, GA.

Were any shares sold recently by the filer before this notice?

Yes. The filing discloses a sale of 4,393 shares on 07/08/2025 by Vanessa Sutherland for gross proceeds of $571,090.00.

How were the securities originally acquired according to the filing?

The securities were acquired as vested Restricted Stock Units (RSUs) on 01/17/2025 from Phillips 66 and characterized as a compensatory payment.

Does the filing state the sale is being made under a trading plan?

The form includes the standard attestation and a field for plan adoption or instruction date, but no specific trading plan adoption date is provided in the content.