Brian Mandell, Executive Vice President of Phillips 66 (PSX), sold 42,800 shares of the company's stock on March 16, 2026, for approximately $7.26 million. The shares were transacted at an average price of $169.53 per share.
This transaction follows a pattern of recent insider selling activity at Phillips 66. Earlier in March, other executives, including Lisa Ann Davis and Kevin J. Mitchell, also divested portions of their holdings.
Insider sales can be motivated by a variety of personal financial decisions, such as portfolio diversification or tax planning, and do not inherently signal a negative view of the company's prospects.