Form 4: Phillips 66 Director Receives Annual RSU Grant

Phillips 66 director Sigmund L. Cornelius acquired 1,423 shares of common stock through a routine annual Restricted Stock Unit grant on January 15, 2026.

Summary

• Sigmund L. Cornelius, a Director at Phillips 66 (PSX), acquired 1,423 shares of common stock.
• The transaction occurred on January 15, 2026, at a price of $140.56 per share.
• This acquisition was an annual grant of Restricted Stock Units (RSUs) to non-employee directors, which convert to Phillips 66 common stock on a 1-for-1 basis.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled purchase.
• Following this transaction, Mr. Cornelius beneficially owns 22,984.512 shares of Phillips 66 common stock, which includes 2,484.5124 RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine, pre-scheduled compensation event for a director, which is expected. The increase in director ownership is a minor positive for shareholder alignment.

Positives

• The transaction represents a routine, pre-scheduled annual RSU grant, indicating standard director compensation practices.
• An increase in a director's beneficial ownership aligns their interests with those of shareholders.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This transaction is a routine insider filing common across publicly traded companies, reflecting standard compensation practices for non-employee directors. It does not indicate any specific industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued alignment of director interests with shareholders through equity ownership, which is generally viewed positively.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled RSU grant to a non-employee director, which is a standard part of executive compensation and does not indicate any new material information to alter an investment thesis. The transaction itself does not provide a basis for a change in investment recommendation.

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Stock Grant, 10b5-1 Plan