Director Robert W. Pease receives 1,423-share PSX stock grant in Form 4
Rhea-AI Filing Summary
Phillips 66 director Robert W. Pease reported a routine equity grant from the company. On January 15, 2026, he acquired 1,423 shares of Phillips 66 common stock, reported as an acquisition transaction. The filing describes this as an annual grant of restricted stock units (RSUs) for non-employee directors that convert into Phillips 66 common stock on a 1-for-1 basis, with the transaction price recorded at $140.56 per share, the average of that day’s high and low stock prices. Following this grant, Pease beneficially owned a total of 5,599.1669 shares of Phillips 66 common stock, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,423 | $140.56 | $200K |
Footnotes (1)
- Annual grant to non-employee directors of Restricted Stock Units (RSUs) that convert to Phillips 66 common stock on a 1-for-1 basis. The price reflected above is the average of the high and the low price of the Phillips 66's stock on January 15, 2026. Includes 4,478.1669 RSUs including shares acquired through routine dividend transactions that are exempt under Rule 16a-11.
FAQ
What insider transaction did Phillips 66 (PSX) report for Robert W. Pease?
The report shows that director Robert W. Pease acquired 1,423 shares of Phillips 66 common stock on January 15, 2026 as an equity award.
What is the nature of the equity award reported by Phillips 66 (PSX) for Robert W. Pease?
The transaction is an annual grant of restricted stock units (RSUs) to a non-employee director, which convert into Phillips 66 common stock on a 1-for-1 basis.
Does Robert W. Pease hold RSUs in addition to common stock in Phillips 66?
Yes. A footnote states that his holdings include 4,478.1669 RSUs, including shares acquired through routine dividend transactions that are exempt under Rule 16a-11.
Is the reported Phillips 66 Form 4 transaction for Robert W. Pease direct or indirect ownership?
The filing classifies the ownership of the reported 5,599.1669 shares as Direct (D), with no separate indirect ownership entity noted.