Baldridge Don 4

What Happened
Don Baldridge, Executive Vice President of Phillips 66 (PSX), was granted 7,139 restricted stock units (RSUs) on February 10, 2026. The grant is reported at a value of $156.70 per share (average of the high and low on Feb 10), for a total reported value of $1,118,681. This is an award/compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction type: Award/Grant of RSUs (Code A)
• Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely)
• Price used for valuation: $156.70 (F1: average of high & low on Feb 10, 2026)
• Shares granted: 7,139 RSUs; reported total RSUs held: 30,937 RSUs including these 7,139 (F2)
• Settlement: RSUs settle 1-for-1 into Phillips 66 common stock (per footnote F2)
• No indication in this filing of a sale, tax-withholding, or 10b5-1 plan

Context
RSU grants are a form of compensation and typically vest over time; they are not the same as a purchase and do not alone indicate insider sentiment about near-term stock moves. When vested and settled, RSUs add shares outstanding (potential dilution), and they increase the insider's stake in the company once converted to shares.