Phillips 66 SVP exercises options, sells 7,834 shares
Phillips 66 senior vice president and controller Ann M. Kluppel reported multiple option exercises and share sales.
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Form Type
4
Rhea-AI Filing Summary
Phillips 66 senior vice president and controller Ann M. Kluppel reported multiple option exercises and share sales. On August 7 and 10, 2026, she exercised employee stock options for a total of 7,834 shares of common stock at exercise prices of $89.05 and $100.435 per share and sold 7,834 shares at prices ranging from $205.00 to a weighted average of $210.6317 and up to $215.00 per share. Indirect holdings include 3,638.359 shares held through the Phillips 66 Savings Plan and 4,720 Restricted Stock Units that settle 1-for-1 in common stock.
Insider Trade Summary
Exercise and Sale: 7,834 shares ($909K approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
Kluppel Ann M
Role
SVP and Controller
Sold
7,834 shs ($1.65M)
Approx. gross sale proceeds
$1.65M
Approx. exercise cost
$742K
Approx. pre-tax spread
$909K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F4 | 2,100 | $100.435 | $211K |
| Exercise | Employee Stock Option (Right to Buy) F5 | 3,934 | $89.05 | $350K |
| Exercise | Common Stock F1 | 2,100 | $100.435 | $211K |
| Exercise | Common Stock F1 | 3,934 | $89.05 | $350K |
| Sale | Common Stock F2, F1 | 2,100 | $210.6317 | $442K |
| Sale | Common Stock F1 | 1,967 | $212.00 | $417K |
| Sale | Common Stock F1 | 1,967 | $215.00 | $423K |
| Exercise | Employee Stock Option (Right to Buy) F4 | 1,800 | $100.435 | $181K |
| Exercise | Common Stock F1 | 1,800 | $100.435 | $181K |
| Sale | Common Stock F1 | 1,800 | $205.00 | $369K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 25,401 shares (Direct);
Common Stock — 3,638.359 shares (Indirect, By Phillips 66 Savings Plan)
Footnotes (5)
- F1. Includes 4,720 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
- F2. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.135 to $210.72. 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 transaction was affected.
- F3. Includes shares acquired through ongoing acquisitions under a 401(k) plan and/or routine dividend transactions that are exempt under rule 16a-11.
- F4. The options became exercisable in three equal annual installments beginning on February 7, 2024.
- F5. The options became exercisable in three equal annual installments beginning on February 8, 2023.
Key Figures
Options exercised: 7,834 shares
Shares sold: 7,834 shares
Exercise prices: $89.05 and $100.435 per share
+4 more
7 metrics
Options exercised
7,834 shares
Total employee stock options exercised on August 7 and 10, 2026
Shares sold
7,834 shares
Total Phillips 66 common shares sold on August 7 and 10, 2026
Exercise prices
$89.05 and $100.435 per share
Strike prices for employee stock options exercised
Weighted average sale price
$210.6317 per share
One sale reported as weighted average, range $210.135–$210.72
Other sale prices
$205.00, $212.00, $215.00 per share
Additional reported sale prices for common stock
Indirect plan holdings
3,638.359 shares
Common stock held indirectly via Phillips 66 Savings Plan
Restricted Stock Units
4,720 RSUs
RSUs settling 1-for-1 in Phillips 66 common stock
Key Terms
Employee Stock Option, Restricted Stock Units, weighted average price, Rule 16a-11, +1 more
5 terms
Employee Stock Option financial
"security_title: Employee Stock Option (Right to Buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
Restricted Stock Units financial
"Includes 4,720 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.
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.
Rule 16a-11 regulatory
"dividend transactions that are exempt under rule 16a-11."
Phillips 66 Savings Plan financial
"By Phillips 66 Savings Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Phillips 66 (PSX) executive Ann M. Kluppel report in this Form 4?
Ann M. Kluppel reported option exercises for 7,834 shares of Phillips 66 common stock and sales of 7,834 shares on August 7 and 10, 2026. The filing details exercise prices, sale prices and indirect retirement-plan and RSU holdings.
How many Phillips 66 (PSX) options did Ann M. Kluppel exercise and at what prices?
She exercised employee stock options covering 7,834 shares of Phillips 66 common stock at exercise prices of $89.05 and $100.435 per share. The options were originally granted with vesting in three equal annual installments beginning in 2023 and 2024.
Were Ann M. Kluppel’s Phillips 66 (PSX) sales under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and none of the footnotes state that the transactions occurred under a Rule 10b5-1 or similar pre-arranged trading plan. The trades are therefore reported without plan status.
What do the footnotes in Ann M. Kluppel’s Phillips 66 (PSX) Form 4 explain?
The footnotes explain that 4,720 RSUs settle 1-for-1 in stock, one sale price is a weighted average between $210.135 and $210.72, retirement-plan holdings include ongoing 401(k) and dividend acquisitions, and option grants vested in three annual installments starting in 2023 and 2024.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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