[144] Phillips 66 SEC Filing
Phillips 66 (PSX) has a shareholder planning to sell up to 14,100 shares of common stock under Rule 144. The proposed sale, through Merrill Lynch on the NYSE, has an indicated aggregate market value of $1,936,941.24. Phillips 66 had 402,921,135 shares outstanding when this notice was prepared, so the planned sale represents only a small portion of the company’s stock. The shares were originally acquired on 02/07/2017 via a stock option from Phillips 66 and are intended to be disposed of in a cashless sale around 11/18/2025. The seller also represents that they are not aware of undisclosed material adverse information about the company.
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FAQ
What does the PSX Form 144 filing disclose?
The filing discloses that a holder of Phillips 66 (PSX) common stock intends to sell up to 14,100 shares under Rule 144 through Merrill Lynch on the NYSE, with an indicated aggregate market value of $1,936,941.24.
How significant is the planned 14,100-share sale relative to Phillips 66 stock?
The notice states that 402,921,135 shares of Phillips 66 common stock were outstanding. The planned sale of 14,100 shares is a small fraction of the total outstanding shares.
When were the PSX shares to be sold originally acquired?
The shares were acquired on 02/07/2017 via a stock option from Phillips 66, according to the acquisition details included in the notice.
How and when does the PSX shareholder plan to sell the shares?
The seller plans a cashless sale of 14,100 shares of Phillips 66 common stock through Merrill Lynch, with an approximate sale date of 11/18/2025 on the NYSE.
Does the PSX Form 144 mention any undisclosed negative information?
The person for whose account the securities are to be sold represents that they do not know of any material adverse information about Phillips 66’s current or prospective operations that has not been publicly disclosed.
What type of security is being sold in the PSX Form 144 filing?
The notice relates to common stock of Phillips 66 (PSX), with 14,100 shares indicated as the number of shares or units to be sold.