Director Pease buys 439 PSX shares at $113.85 (May 22), increasing stake by 12.0% to 4,091 shares
Robert W Pease, a director of Phillips 66, purchased 439 shares at $113.85 for a total value of $49,979.75, increasing his holdings from 3,652 to 4,091 shares—a 12.0% increase in his position. The transaction occurred while PSX traded near the midpoint of its 52-week range ($92.87–$147.17), having risen 10.0% over the past 30 days but declined 8.9% over 90 days. Pease's prior open-market buy at this ticker yielded a 30-day return of +8.5% but a 90-day return of -0.2%, indicating a mixed historical pattern at PSX. The company shows modest fundamentals with annual revenue growth of -2.9% and a P/E of 25.13, reflecting a relatively expensive valuation relative to near-term earnings. This purchase represents a discretionary accumulation but lacks a clearly affirming track record: his one prior PSX trade did not demonstrate a well-timed entry at the 90-day horizon.