Phillips 66 EVP reports tax withholding in PSX shares

Phillips 66 Executive Vice President Don Baldridge reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Phillips 66 Executive Vice President Don Baldridge reported a routine tax-related share disposition. On April 1, he had 5,885 shares of common stock withheld to cover tax obligations tied to the vesting of Restricted Stock Units granted on April 1, 2023.

The shares were valued at an average price of $177.205 per share, based on the high and low prices that day. After this withholding, he directly owned 32,603 Phillips 66 shares, which include 15,982 RSUs that will settle into common stock on a one-for-one basis.

Insider Trade Summary

Exercise Price or Tax Liability: 5,885 shares

Exercise Price or Tax Liability 1 txn

Insider Baldridge Don

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	5,885	$177.205	$1.04M

Holdings After Transaction: Common Stock — 32,603 shares (Direct)

Footnotes (3)

1. F1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs) granted on April 1, 2023.
2. F2. The price reflected above is the average of the high and the low price of the Company's stock on April 1, 2026.
3. F3. Includes 15,982 RSUs that settle for shares of Phillips 66 common stock on a 1-for-1 basis.

Key Figures

Shares withheld for taxes: 5,885 shares Average share price: $177.205 per share Shares held after transaction: 32,603 shares +1 more

4 metrics

Shares withheld for taxes 5,885 shares Tax withholding on RSU vesting on April 1, 2026

Average share price $177.205 per share Average of high and low PSX price on April 1, 2026

Shares held after transaction 32,603 shares Direct ownership following tax-withholding disposition

Restricted Stock Units 15,982 RSUs RSUs settling 1-for-1 into Phillips 66 common stock

Key Terms

Restricted Stock Units (RSUs), tax withholding obligations, average of the high and the low price

3 terms

Restricted Stock Units (RSUs) financial

"in connection with the vesting of Restricted Stock Units (RSUs) granted on April 1, 2023"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

tax withholding obligations financial

"Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units"

average of the high and the low price financial

"The price reflected above is the average of the high and the low price of the Company's stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Phillips 66 (PSX) report for Don Baldridge?

Phillips 66 Executive Vice President Don Baldridge reported a tax-withholding disposition of 5,885 common shares. These shares were withheld to satisfy tax obligations from vesting RSUs granted on April 1, 2023, rather than being sold in the open market.

At what price were the withheld Phillips 66 (PSX) shares valued?

The 5,885 withheld Phillips 66 shares were valued at an average price of $177.205 per share. This average reflects the high and low trading prices of the company’s stock on April 1, 2026, as noted in the filing’s footnotes.

How many Phillips 66 (PSX) shares does Don Baldridge hold after this transaction?

After the tax-withholding disposition, Don Baldridge directly holds 32,603 Phillips 66 shares. This total includes 15,982 Restricted Stock Units that convert into common stock on a one-for-one basis, providing additional future share exposure when those RSUs settle.

Was the Phillips 66 (PSX) Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The 5,885 Phillips 66 shares were withheld by the company to satisfy tax withholding obligations related to vesting RSUs, a standard payroll-type mechanism rather than a discretionary sale into the market.

What are the RSUs mentioned in the Phillips 66 (PSX) insider filing?

The filing notes 15,982 Restricted Stock Units (RSUs) for Don Baldridge that settle into Phillips 66 common stock on a one-for-one basis. These RSUs represent stock-based compensation that will deliver actual shares in the future as vesting conditions are met.

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

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Accepted by SEC EDGAR 04/03/2026 - 04:59 PM 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^*

Baldridge Don

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		F		5,885(1)	D	$177.205(2)	32,603(3)	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

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs) granted on April 1, 2023.

2. The price reflected above is the average of the high and the low price of the Company's stock on April 1, 2026.

3. Includes 15,982 RSUs that settle for shares of Phillips 66 common stock on a 1-for-1 basis.

Remarks:

	/s/ William H. Bald, as Attorney-in-Fact	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)