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Director Michael A. Heim receives 1,423-share PSX award in annual RSU grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Phillips 66 director Michael A. Heim reported an equity award of 1,423 shares of common stock on January 15, 2026. The award is described as an annual grant of Restricted Stock Units (RSUs) that convert into Phillips 66 common stock on a 1-for-1 basis, using an average reference price of $140.56 based on that day's high and low trading prices.

After this grant, Heim beneficially owns 13,484.5124 Phillips 66 shares in total, held directly, which includes 2,484.5124 RSUs accumulated over time, some of which came from routine dividend-related RSU credits that are exempt under specific insider reporting rules.

Positive

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Negative

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Insider Heim Michael A
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 1,423 $140.56 $200K
Holdings After Transaction: Common Stock — 13,484.512 shares (Direct)
Footnotes (1)
  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 Phillips 66's stock on January 15, 2026. Includes 2,484.5124 RSUs including shares acquired through routine dividend transactions that are exempt under Rule 16a-11.
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Form 4 Insider Transactions: What Each Field Means →
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*
Heim Michael A
(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026
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 01/15/2026 A 1,423(1) A $140.56(2) 13,484.5124(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. Annual grant to non-employee directors of Restricted Stock Units (RSUs) that convert to Phillips 66 common stock on a 1-for-1 basis.
2. The price reflected above is the average of the high and the low price of Phillips 66's stock on January 15, 2026.
3. Includes 2,484.5124 RSUs including shares acquired through routine dividend transactions that are exempt under Rule 16a-11.
Remarks:
/s/ William H. Bald, as Attorney-in-Fact 01/20/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Phillips 66 (PSX) report for Michael A. Heim?

Phillips 66 director Michael A. Heim reported an acquisition of 1,423 shares of common stock on January 15, 2026, recorded as an annual grant of Restricted Stock Units (RSUs) that convert into common shares on a 1-for-1 basis.

What was the reference price for the 1,423-share grant reported by PSX?

The filing shows a transaction price of $140.56 per share, described as the average of the high and low prices of Phillips 66 stock on January 15, 2026.

How many Phillips 66 shares does Michael A. Heim own after this Form 4 transaction?

Following the reported grant, Michael A. Heim beneficially owns 13,484.5124 Phillips 66 shares in total, held directly.

How are the RSUs structured in the Phillips 66 grant to Michael A. Heim?

The filing explains that the award is an annual grant to non-employee directors of RSUs that convert to Phillips 66 common stock on a 1-for-1 basis, meaning each RSU will eventually represent one share of common stock when it vests and settles.

What portion of Michael A. Heim’s PSX holdings consist of RSUs?

The total beneficial ownership figure includes 2,484.5124 RSUs, which encompass RSUs earned through prior awards and additional RSUs credited through routine dividend transactions exempt under Rule 16a-11.

Is the Phillips 66 Form 4 transaction a sale or a purchase by Michael A. Heim?

The Form 4 codes the transaction as "A" (acquired), indicating an equity award/grant to the director rather than an open-market sale or purchase.