{
  "id": 810382,
  "title": "Phillips 66 EVP Harbison sells $11.6m in shares",
  "url": "https://urgent.news/2026/08/13/phillips-66-evp-harbison-sells-11-6m-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T22:01:13.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/phillips-66-evp-harbison-sells-116m-in-shares-93CH-4859452"
  },
  "original_language": "en",
  "account": "Phillips 66 Executive Vice President of Refining, Richard G. Harbison, sold 52,100 shares of company common stock on August 12, 2026 for roughly $11.6 million. The shares were exchanged at an average price of $223.76, with individual sales between $223.61 and $223.95. This transaction occurred as Phillips 66's stock is near a 52-week high of $232.89. Over the past year, the stock has returned 96%, and InvestingPro's analysis indicates the company is currently undervalued.\n\nSimultaneously, Harbison bought 52,100 shares of Phillips 66 on the same day through employee stock options. These purchases comprised 13,500 shares at $74.70, 14,800 at $89.05, and 23,800 at $100.435, amounting to about $4.72 million. Harbison now holds a total of 39,094 shares in the company, including 23,008 Restricted Stock Units that will convert to shares on a one-to-one basis. He also indirectly owns 7,116.196 shares through the Phillips 66 Savings Plan and an additional 40 shares via his son.\n\nDespite selling shares, Phillips 66 reported adjusted earnings of $9.41 per share in Q2 2026, exceeding the expected $7.02 per share. However, revenue was $42.1 billion, lower than the forecasted $43.41 billion. Piper Sandler raised its price target on Phillips 66 to $209 from $208, but maintained a Neutral rating, citing significant progress in reducing gross debt with a target of $17 billion by year-end, one year ahead of schedule. The article was AI-generated and reviewed by an editor.",
  "summary": null,
  "key_points": [
    "Phillips 66 EVP Richard Harbison sold $11.6m in shares on August 12, 2026",
    "Sold 52,100 shares at $223.76 average price, between $223.61-$223.95 each",
    "Despite selling, Phillips 66 reported adjusted earnings $9.41/share Q2 2026"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}