PSX Phillips 66

BEARISH Impact: 6/10 Insider Cluster (4 insiders)
Horizon days Filed Mar 12, 2026 Processed 2mo ago
Insider cluster: 2 insiders, $7.9M total
Final — all horizons settled through T+60d ⚠ clustered
PSX ▲ +5.16% at T+60d
SHORT call ✗ call lost -5.16% · α vs SPY +5.53% · entry $174.09 → $183.08
Last close $183.42 (close Jun 8) · -5.36% from $174.09 entry (call sign-flipped)
Entry anchored
Mar 11, 03:59 PM ET
via Databento tick
T+1d
+2.44%
call -2.44% · α -3.04%
$178.34
settled 3mo ago
T+5d
+4.14%
call -4.14% · α -5.11%
$181.29
settled 3mo ago
T+20d
-6.18%
call +6.18% · α +8.16%
$163.33
settled 2mo ago
T+60d
+5.16%
call -5.16% · α +5.53%
$183.08
settled 5d ago

Price Chart

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Executive Summary

A recent insider trading cluster at Phillips 66 (PSX) shows mixed activity: one director made a small open-market purchase, two directors received non-cash stock awards, and an executive vice president exercised options and sold 42,800 shares for over $7.2 million. The large open-market sale by Mandell represents the most material transaction, outweighing the minor purchase.

Key Financial Metrics

Direction
selling
Total Value
$7.9M
Insiders
4

Actionable Insight

The heavy selling by a C-suite executive after option exercise suggests lack of conviction at a time when insider buying is minimal. Traders should watch for continued insider selling or downward pressure on the stock ahead of earnings or macro headwinds in refining.

Key Facts

  • Executive Vice President Brian Mandell sold 42,800 shares in the open market for $7.26 million after exercising options.
  • Director Kevin Meyers made a small open-market purchase of $30,310 worth of shares.
  • Two directors (Meyers and Ungerleider) received non-cash stock awards totaling $164,023 each.
  • Director Lisa Ann Davis sold $662,617 worth of shares in the open market.
  • Total open-market selling in the cluster: $7.92 million; total open-market buying: $30,310.

Financial Impact

$7.92 million in net open-market sales versus $30,310 in purchases (over 260:1 sell-to-buy ratio)

insider sentimentshareholder confidence

Risk Factors

  • Large insider sale may signal executive belief that stock is overvalued or facing near-term headwinds.
  • Minimal offsetting insider buying reduces any bullish interpretation of the cluster.

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (7 trades, 7d window)cluster-PSX-1773782479537
6 reports for PSX
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+5▲ +9.12%Apr 6, 2026
Filters
Rows
Reports for PSX — sortable, filterable
Type Now
May 11, 2026
29d ago
144
NEUTRAL ★ 2/10
$175.43 $179.80▲ +2.49%▲ +2.41%$183.42 (+4.55%)
Apr 29, 2026
5w ago
8-K
BULLISH ★ 7/10
$172.24 $170.48▼ −1.02%▼ −4.13%$183.42 (+6.49%)
Apr 6, 2026
9w ago
8-K
BEARISH ★ 7/10
$174.70 $158.76▲ +9.12%▲ +14.45%$183.42 (−4.99%)
Apr 2, 2026
9w ago
DEFA14A
NEUTRAL ★ 5/10
$176.21 $159.25▼ −9.62%▼ −13.24%$183.42 (+4.09%)
Mar 12, 2026
12w ago
Insider Cluster
BEARISH ★ 6/10
$174.09 $181.29▼ −4.14%▼ −5.11%$183.42 (−5.36%)
Mar 12, 2026
12w ago
Insider Cluster
BEARISH ★ 6/10
$174.09 $178.34▼ −2.44%▼ −3.42%$183.42 (−5.36%)
Showing 6 of 6

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