Phillips 66 (PSX) EVP Harbison exercises 52,100 options and sells 52,100 shares
Rhea-AI Filing Summary
Phillips 66 EVP, Refining Richard G. Harbison reported an option exercise-and-sale transaction involving company stock. On August 12, 2026, he exercised employee stock options covering 52,100 shares of common stock at exercise prices of $74.70, $89.05 and $100.435 per share, converting them into an equal number of common shares. That same day he sold 52,100 shares of Phillips 66 common stock at a weighted average price of $223.7643 per share in multiple trades. He also reports indirect holdings of 7,116.196 shares through the Phillips 66 Savings Plan and 40 shares held by his son, and a direct position that includes 23,008 Restricted Stock Units that settle 1-for-1 in common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 52,100 shares ($6.94M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Harbison Richard G
Role
EVP, Refining
Sold
52,100 shs ($11.66M)
Approx. gross sale proceeds
$11.66M
Approx. exercise cost
$4.72M
Approx. pre-tax spread
$6.94M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F4 | 13,500 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) F5 | 14,800 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) F6 | 23,800 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 13,500 | $74.70 | $1.01M |
| Exercise | Common Stock F1 | 14,800 | $89.05 | $1.32M |
| Exercise | Common Stock F1 | 23,800 | $100.435 | $2.39M |
| Sale | Common Stock F2, F1 | 52,100 | $223.7643 | $11.66M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 39,094 shares (Direct);
Common Stock — 7,116.196 shares (Indirect, By Phillips 66 Savings Plan);
Common Stock — 40 shares (Indirect, By son)
Footnotes (6)
- F1. Includes 23,008 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 $223.61 to $223.95. 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.
- 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 9, 2022.
- F5. The options became exercisable in three equal annual installments beginning on February 8, 2023.
- F6. The options became exercisable in three equal annual installments beginning on February 7, 2024.
Key Figures
Options exercised at $74.70: 13,500 shares at $74.70 per share
Options exercised at $89.05: 14,800 shares at $89.05 per share
Options exercised at $100.435: 23,800 shares at $100.435 per share
+4 more
7 metrics
Options exercised at $74.70
13,500 shares at $74.70 per share
Employee stock options exercised on August 12, 2026; expire February 9, 2031
Options exercised at $89.05
14,800 shares at $89.05 per share
Employee stock options exercised on August 12, 2026; expire February 8, 2032
Options exercised at $100.435
23,800 shares at $100.435 per share
Employee stock options exercised on August 12, 2026; expire February 7, 2033
Shares sold
52,100 shares at $223.7643 per share
Common stock sale on August 12, 2026 at weighted average price
Indirect holdings via savings plan
7,116.196 shares
Common stock held indirectly by Phillips 66 Savings Plan after reported transactions
Indirect holdings by son
40 shares
Common stock held indirectly by son after reported transactions
Restricted Stock Units
23,008 RSUs
RSUs that settle 1-for-1 into Phillips 66 common stock included in direct holdings
Key Terms
Employee Stock Option (Right to Buy), Restricted Stock Units, weighted average price, Rule 16a-11, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
Restricted Stock Units financial
"Includes 23,008 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
What did Phillips 66 (PSX) EVP Richard G. Harbison report in this Form 4?
Richard G. Harbison reported exercising options for 52,100 shares of Phillips 66 common stock on August 12, 2026 and selling 52,100 shares the same day, along with updated direct and indirect share and RSU holdings.
What stock options did Harbison exercise in this Phillips 66 (PSX) filing?
He exercised employee stock options for 13,500 shares at $74.70, 14,800 shares at $89.05, and 23,800 shares at $100.435 per share. All options were on Phillips 66 common stock and became exercisable in three equal annual installments beginning in 2022, 2023 and 2024, respectively.
Does this Phillips 66 (PSX) Form 4 show Harbison still holding company stock?
Yes. He reports indirect holdings of 7,116.196 shares through the Phillips 66 Savings Plan and 40 shares held by his son, plus a direct position that includes 23,008 Restricted Stock Units settling 1-for-1 in common stock, in addition to any other direct shares.
Were Harbison’s Phillips 66 (PSX) trades under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as a plan trade, and the footnotes do not reference any 10b5-1 trading plan. The reported option exercises and share sale are therefore not identified as occurring under a pre-arranged trading plan.
What indirect ownership in Phillips 66 (PSX) does Harbison report?
He reports 7,116.196 shares held indirectly through the Phillips 66 Savings Plan and 40 shares held indirectly by his son. A footnote explains the savings plan balance includes shares from ongoing 401(k) acquisitions and dividend reinvestments exempt under Rule 16a-11.
AI-generated analysis. How Rhea-AI works. Not financial advice.
