[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 shares of common stock on the New York Stock Exchange through Merrill Lynch, with an aggregate market value of 615,020. The shares were acquired on 01/17/2025 as a restricted stock unit vesting from Phillips 66 and the payment/consideration is listed as compensatory. The filing lists the total number of shares outstanding as 404,124,265. Recent activity shows two prior sales by Vanessa Sutherland: 4,393 shares on 09/09/2025 for 593,055 and 4,393 shares on 07/08/2025 for 571,090.

Positive

• Full disclosure of acquisition and sale details including acquisition date, nature (RSU vest), broker, and planned sale date
• Prior sales disclosed for the same account within the past three months, showing transparency

Negative

• Insider sale reported — 4,393 shares proposed for sale which could be perceived negatively by some investors despite small size relative to outstanding shares

Insights

Financial Analyst

TL;DR: Routine insider sale of vested RSUs; transaction size is immaterial relative to outstanding shares and appears compensatory.

The filing documents a planned sale of 4,393 shares acquired via RSU vesting on 01/17/2025, executed through Merrill Lynch on the NYSE, with an indicated aggregate market value of 615,020. The sale is consistent with compensation-related dispositions rather than an extraordinary corporate event. Given the issuer's stated outstanding share count of 404,124,265, the position represents a very small fraction of the company, suggesting limited market impact. Prior small sales by the same individual in July and September 2025 are disclosed, showing a pattern of disposition of vested awards.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements and includes necessary acquisition and sale details; no unusual governance issues shown.

The form provides the required elements under Rule 144: acquisition date and nature (RSU vest), broker name and planned sale date, outstanding shares, and recent sales history. The filer certifies lack of undisclosed material adverse information, and the document names the seller as Vanessa Sutherland. There is no indication in this filing of plan adoption dates, 10b5-1 trading plan reliance, nor any disclosure of material nonpublic information. The filing appears procedurally complete for the reported proposed sale.

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	615020	404124265	09/26/2025	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	09/09/2025	4393	593055
VANESSA SUTHERLAND 2331 CITYWEST BLVD HOUSTON TX 77042	COMMON	07/08/2025	4393	571090

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 this Form 144 for Phillips 66 (PSX) report?

It reports a proposed sale of 4,393 common shares on the NYSE through Merrill Lynch with an aggregate market value of 615,020.

When were the shares acquired and how?

The shares were acquired on 01/17/2025 via restricted stock unit vesting from Phillips 66 and are listed as compensatory.

Who is the seller named in the filing?

The seller named in the filing is Vanessa Sutherland with prior reported sales on 07/08/2025 and 09/09/2025 of 4,393 shares each.

How many shares does Phillips 66 have outstanding according to the filing?

The filing lists 404,124,265 shares outstanding.

What broker and exchange are involved in the proposed sale?

The broker listed is Merrill Lynch and the sale is planned on the New York Stock Exchange with an approximate sale date of 09/26/2025.