A Phillips 66 Director Trimmed a Trust Stake After an 81% Run. Here's What to Know
Davis liquidated 1,515 shares from a trust at $207.73 per share, reducing her indirect holdings by 21% while retaining 7,196 total shares worth roughly $1.6 million.
Phillips 66 director Lisa Ann Davis divested 1,515 shares of the company's Common Stock on August 10, according to an SEC Form 4 filing. The transaction's value, according to the SEC Form 4 weighted average sale price of $207.73, was $3,345.92. However, the post-transaction value, based on the August 10 market close, was slightly higher at $215.52 per share.
Phillips 66, a substantial diversified energy enterprise with a market value of $86.4 billion and trailing twelve months revenues of $153.6 billion, stands as a pivotal entity within the global energy sector. The corporation's integrated business framework, encompassing midstream infrastructure, refining, chemicals, and marketing operations, generates diverse revenue streams and operational synergies.
Based in Houston, Phillips 66 capitalizes on its extensive logistics network and manufacturing capabilities to sustain competitive advantages in energy commodity processing and distribution.
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