Phillips 66 (PSX) director Julie Bushman awarded 1,423 RSUs at $140.56

Rhea-AI Filing Summary

Phillips 66 director Julie L. Bushman reported an annual equity award in the form of restricted stock units. On January 15, 2026, she acquired 1,423 shares of Phillips 66 common stock-equivalent RSUs, recorded at an average price of $140.56 per share, which represents the average of the high and low trading prices that day. After this grant, she beneficially owned 14,841.0142 RSUs in total, held directly. The filing notes that all reported shares are RSUs that convert to Phillips 66 common stock on a one-for-one basis and include units accumulated through routine dividend-related transactions.

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

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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^*

Bushman Julie L

(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)	14,841.0142(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. All shares are 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.

FAQ

What insider transaction did Phillips 66 (PSX) report for Julie L. Bushman?

Phillips 66 director Julie L. Bushman reported an acquisition of 1,423 restricted stock units (RSUs) tied to Phillips 66 common stock on January 15, 2026, as shown in a Form 4 filing.

What was the price used for the RSU grant to the Phillips 66 (PSX) director?

The RSU grant to Julie L. Bushman was recorded at $140.56 per share, which is stated as the average of the high and low prices of Phillips 66 stock on January 15, 2026.

How many Phillips 66 (PSX) shares does Julie L. Bushman beneficially own after this transaction?

Following the reported RSU grant, Julie L. Bushman beneficially owned 14,841.0142 RSUs that are tied to Phillips 66 common stock and are held in a direct ownership form.

What type of award did the Phillips 66 (PSX) director receive in this Form 4 filing?

The filing describes an annual grant to non-employee directors of restricted stock units (RSUs) that convert to Phillips 66 common stock on a 1-for-1 basis.

Are dividend-related RSUs included in the reported Phillips 66 (PSX) holdings?

Yes. The filing states that all shares are RSUs, including those acquired through routine dividend transactions that are exempt under Rule 16a-11.

Is the Phillips 66 (PSX) Form 4 transaction a purchase on the open market?

No. The transaction is coded as "A" for an acquisition and is described as an annual RSU grant to a non-employee director, rather than an open-market purchase.