Mitchell Kevin J 4

What Happened
Kevin J. Mitchell, Executive Vice President and Chief Financial Officer of Phillips 66 (PSX), received a grant of 11,411 restricted stock units (RSUs) on February 10, 2026. The filing values the award at $156.70 per share (average of high and low on Feb 10), for a total reported value of $1,788,104. This transaction is an award/grant (not an open-market purchase or sale) and is part of executive compensation.

Key Details

• Transaction date: 2026-02-10 (Form 4 filed 2026-02-12). Filing appears timely (filed two days after the grant).
• Grant: 11,411 RSUs @ $156.70 (average of high and low price on Feb 10) = $1,788,104.
• Shares/units reported after the transaction: 31,849 RSUs total (this figure includes the 11,411 RSUs just granted); RSUs settle 1-for-1 into Phillips 66 common shares.
• Footnotes: F1 notes the $156.70 price is the average of the high and low on Feb 10. F2 clarifies the 31,849 RSU total includes the 11,411 RSUs reported here and that RSUs convert to common stock 1-for-1.
• Transaction type: Award/Grant (code A). No 10b5-1 plan, cashless exercise, sale, or tax-withholding details disclosed in this filing.

Context
RSU grants are a common form of executive compensation and typically vest over time per the company’s equity plan; they do not represent an immediate open-market buy or sale. Because these RSUs convert to Phillips 66 shares on a 1-for-1 basis when they vest, they will increase Mitchell’s potential future share holdings but do not indicate an immediate trading decision.