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  4. [Form 4] Phillips 66 Insider Trading Activity

Phillips 66 (PSX) director’s trust sells 1,515 shares, retains 1,444 RSUs

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Phillips 66 director Lisa Ann Davis reported indirect sales of a total of 1,515 shares of common stock on 2026-08-10, executed by a trust of which she and her spouse are the sole beneficiaries. The shares were sold in three open-market transactions at weighted average prices of $207.209, $208.365, and $208.9866, each representing multiple trades within specified price ranges. Following these sales, she also reports a direct holding of 1,444.2994 Restricted Stock Units that settle into Phillips 66 common stock on a 1-for-1 basis.

Positive

  • None.

Negative

  • None.
Insider Davis Lisa Ann
Role Director
Sold 1,515 shs ($315K)
Type Security Shares Price Value
Sale Common Stock F1, F2 1,000 $207.209 $207K
Sale Common Stock F3, F2 200 $208.365 $42K
Sale Common Stock F4, F2 315 $208.9866 $66K
holding Common Stock F5 -- -- --
Holdings After Transaction: Common Stock — 5,752 shares (Indirect, by Trust); Common Stock — 1,444.2994 shares (Direct)
Footnotes (5)
  1. F1. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $206.97 to $207.575. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions set forth in footnotes (1), (3) and (4) were affected.
  2. F2. The reporting person and her spouse are the sole beneficiaries of the trust.
  3. F3. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.98 to $208.75.
  4. F4. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.985 to $208.99.
  5. F5. Includes 1,444.2994 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
Shares sold (total) 1,515 shares Aggregate common stock sold indirectly by trust on 2026-08-10
Block sale 1 1,000 shares at $207.209 Weighted average price; trades ranged from $206.97 to $207.575
Block sale 2 200 shares at $208.365 Weighted average price; trades ranged from $207.98 to $208.75
Block sale 3 315 shares at $208.9866 Weighted average price; trades ranged from $208.985 to $208.99
RSUs held 1,444.2994 units Restricted Stock Units settling 1-for-1 into Phillips 66 common stock
weighted average price financial
"The price reported above is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Restricted Stock Units financial
"Includes 1,444.2994 Restricted Stock Units that settle for shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
beneficiaries of the trust financial
"The reporting person and her spouse are the sole beneficiaries of the trust."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Phillips 66 (PSX) director Lisa Ann Davis report in this Form 4?
Lisa Ann Davis reported sales of 1,515 shares of Phillips 66 common stock on 2026-08-10 through a trust, plus a remaining direct holding of 1,444.2994 RSUs that settle 1-for-1 into Phillips 66 shares.

How many Phillips 66 (PSX) shares were sold and at what prices?
A trust associated with Lisa Ann Davis sold 1,515 shares in three blocks: 1,000 shares at $207.209, 200 shares at $208.365, and 315 shares at $208.9866, each price being a weighted average across multiple trades.

Were the Phillips 66 (PSX) sales by Lisa Ann Davis made through a trust?
Yes. The reported sales were held indirectly "by Trust", and a footnote states that Lisa Ann Davis and her spouse are the sole beneficiaries of this trust, which executed the open-market transactions.

What ongoing equity interest does Lisa Ann Davis have in Phillips 66 (PSX) after these sales?
She reports holding 1,444.2994 Restricted Stock Units, which will settle for Phillips 66 common stock on a 1-for-1 basis, representing a direct equity-based position separate from the trust’s sold shares.

Were Lisa Ann Davis’s Phillips 66 (PSX) trades under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmative, and no footnote describes a trading plan, so the reported sales are not identified as executed under a Rule 10b5-1 plan.

What do the weighted average prices in the Phillips 66 (PSX) Form 4 mean?
For each sale block, the reported price is a weighted average price of multiple trades within stated ranges, such as $206.97 to $207.575; detailed trade-by-trade prices are available upon request as noted in the footnotes.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Davis Lisa Ann
(Last)(First)(Middle)
2331 CITYWEST BLVD.
(Street)
HOUSTON TEXAS 77042
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Phillips 66 [ PSX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/10/2026S1,000D$207.209(1)6,267Iby Trust(2)
Common Stock08/10/2026S200D$208.365(3)6,067Iby Trust(2)
Common Stock08/10/2026S315D$208.9866(4)5,752Iby Trust(2)
Common Stock1,444.2994(5)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $206.97 to $207.575. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions set forth in footnotes (1), (3) and (4) were affected.
2. The reporting person and her spouse are the sole beneficiaries of the trust.
3. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.98 to $208.75.
4. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.985 to $208.99.
5. Includes 1,444.2994 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
Remarks:
/s/ William H. Bald, as Attorney-in-Fact08/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR