Phillips 66 EVP exercises options, sells 26,200 PSX stock

Phillips 66 (PSX) Executive Vice President reported option exercises and related stock sales.

Rhea-AI Filing Summary

Phillips 66 (PSX) Executive Vice President reported option exercises and related stock sales. On 11/18/2025, the officer exercised 14,100 employee stock options at $78.475 per share and 12,100 options at $94.85 per share, receiving the same number of Phillips 66 common shares.

On the same day, the officer sold 14,100 shares at a weighted average price of $137.4018 and 12,100 shares at $138. After these transactions, the officer beneficially owned 56,837.9177 Phillips 66 shares, including 23,726 restricted stock units that settle into common stock on a 1-for-1 basis.

Insider Trade Summary

Exercise and Sale: 26,200 shares ($1.35M approx. pre-tax spread)

Exercise and Sale 6 txns

Insider Mandell Brian

Role Executive Vice President

Sold 26,200 shs ($3.61M)

Approx. gross sale proceeds $3.61M

Approx. exercise cost $2.25M

Approx. pre-tax spread $1.35M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	14,100	$0.00	$0.00
Exercise	Employee Stock Option (Right to Buy)	12,100	$0.00	$0.00
Exercise	Common Stock	14,100	$78.475	$1.11M
Sale	Common Stock	14,100	$137.4018	$1.94M
Exercise	Common Stock	12,100	$94.85	$1.15M
Sale	Common Stock	12,100	$138.00	$1.67M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 56,837.9177 shares (Direct)

Footnotes (4)

1. F1. Includes 23,726 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
2. F2. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.29 to $137.52. 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 effected.
3. F3. The options became exercisable in three equal annual installments beginning on February 7, 2018.
4. F4. The options became exercisable in three equal annual installments beginning on February 6, 2019.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 11/20/2025 - 06:50 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Mandell Brian

(Last) (First) (Middle)

2331 CITYWEST BLVD.

(Street)

HOUSTON TX 77042

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Phillips 66 [ PSX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/18/2025		M		14,100	A	$78.475	70,937.9177(1)	D
Common Stock	11/18/2025		S		14,100	D	$137.4018(2)	56,837.9177(1)	D
Common Stock	11/18/2025		M		12,100	A	$94.85	68,937.9177(1)	D
Common Stock	11/18/2025		S		12,100	D	$138	56,837.9177(1)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$78.475	11/18/2025		M			14,100	(3)	02/07/2027	Common Stock	14,100	$0	0	D
Employee Stock Option (Right to Buy)	$94.85	11/18/2025		M			12,100	(4)	02/06/2028	Common Stock	12,100	$0	0	D

Explanation of Responses:

1. Includes 23,726 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis.

2. The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.29 to $137.52. 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 effected.

3. The options became exercisable in three equal annual installments beginning on February 7, 2018.

4. The options became exercisable in three equal annual installments beginning on February 6, 2019.

Remarks:

	/s/ William H. Bald, as Attorney-in-Fact	11/20/2025
	** Signature of Reporting Person	Date
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.