Director at Phillips 66 (NYSE: PSX) gets 1,423-share RSU award
Rhea-AI Filing Summary
Phillips 66 director Marna C. Whittington reported an annual equity award. On January 15, 2026, she acquired 1,423 shares of Phillips 66 common stock as part of an annual grant of Restricted Stock Units (RSUs) for non-employee directors. These RSUs convert into common stock on a 1-for-1 basis. The filing notes that the $140.56 price per share reflects the average of the high and low trading prices on that date.
Following this grant, Whittington beneficially owned 54,798.9926 shares of Phillips 66 common stock, held directly. This total includes 34,322.3295 RSUs, which reflect prior awards and shares accumulated through routine dividend-related transactions that are exempt under SEC Rule 16a-11.
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FAQ
What insider transaction did Phillips 66 (PSX) report for Marna C. Whittington?
Phillips 66 director Marna C. Whittington reported acquiring 1,423 shares of common stock on January 15, 2026. The acquisition reflects an annual grant of Restricted Stock Units (RSUs) awarded to non-employee directors that convert into Phillips 66 common stock on a 1-for-1 basis.
Was the Phillips 66 (PSX) Form 4 transaction a stock grant or an open-market trade?
The Form 4 shows a transaction coded "A", indicating an acquisition. Footnotes explain it was an annual grant of RSUs to a non-employee director, not an open-market purchase or sale. These RSUs convert into Phillips 66 common stock on a 1-for-1 basis.
At what price was the 1,423-share grant to the Phillips 66 director reported?
The transaction for 1,423 shares was reported at a price of $140.56 per share. According to the footnote, this price is the average of the high and low trading prices of Phillips 66 stock on January 15, 2026.
How many Phillips 66 (PSX) shares does Marna C. Whittington beneficially own after this grant?
After the reported transaction, Marna C. Whittington beneficially owned 54,798.9926 shares of Phillips 66 common stock, held directly. This figure includes 34,322.3295 RSUs, which encompass shares acquired through routine dividend transactions exempt under Rule 16a-11.
What are the RSUs mentioned in the Phillips 66 director’s Form 4 filing?
The filing notes that the transaction is an annual grant of Restricted Stock Units (RSUs) to a non-employee director. These RSUs convert to Phillips 66 common stock on a 1-for-1 basis, and the director’s holdings include 34,322.3295 RSUs accumulated through prior awards and dividend-related transactions.
Is the reported Phillips 66 (PSX) insider holding direct or indirect ownership?
The Form 4 classifies the 54,798.9926 shares beneficially owned after the transaction as direct (D) ownership by Marna C. Whittington. No indirect ownership entity is listed in the nature-of-ownership field for this transaction.