Sell Phillips 66 (PSX) stock to fund a goal
Calculator · free · no signup · PSXNeed cash for a goal? Plan the minimum-tax schedule to sell your vested Phillips 66 (PSX) shares and net a target amount by a target date, across tax years.
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Inputs
Your equity
One stack per ticker (current-employer RSUs, prior-employer holdings, index fund, etc.). Each stack has its own current price, growth assumption, and cost-basis lots.
Drives chance-of-shortfall · default 30%
Lots
Plan
Estimates only. Not financial advice.
Lock-in-now is deterministic (0%). Plans that wait depend on future prices; risk is near-zero when inventory comfortably exceeds the goal. Volatility: each stack's option-implied vol if a ticker is set, otherwise 30%. Lognormal model; real markets have fatter tails.
| Tax | $109,654 | $111,723 | $111,788 | $118,699 |
| Wealth @ target | $718,258 | $716,076 | $713,344 | $710,913 |
| Chance of shortfall | <0.1% | 0% | 1.7% | 3.3% |
Feasible
$400,027 net by 08/01/27
Total tax: $109,654 (federal $58,856, state $36,063, NIIT $14,736)
Schedule · Recommended
| Sale date | Shares | Tax | Net | Cumulative |
|---|---|---|---|---|
| 08/26/26 | 4,088 | $351,349 | $360,067 | |
| 03/31/27 | 4 | $359 | $360,430 | |
| 04/30/27 | 32 | $2,891 | $363,340 | |
| 05/31/27 | 100 | $9,088 | $372,468 | |
| 06/30/27 | 100 | $9,141 | $381,631 | |
| 07/31/27 | 100 | $9,196 | $390,828 | |
| 08/01/27 | 100 | $9,199 | $400,027 |
Risk vs wealth
Each dot is a possible plan. Right is riskier, up is more wealth left over.
Trajectory of cash netted
Solid line = expected. Shaded band = 10th–90th percentile under price uncertainty.
After the plan
You keep 3,476 shares worth $410,758 at the projected target-date price, invested for the next decision.
You solved for a cash target. The beta optimizes your full portfolio across multiple goals and market scenarios, not just one funding need.
Request beta access →Related calculators: RSU Lot Order Calculator · Stock Concentration Calculator · RSU Sell-vs-Hold Calculator
About Phillips 66
Phillips 66 (PSX) is a public Energy company, incorporated in Delaware and headquartered in Houston, TX.
Last close: $264.58 per share (as of 2026-10-03).
Equity grants at Phillips 66 typically include restricted stock units (RSUs).
The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, assisted in establishing the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips. The merged company spun off its refining, chemical, and retail assets – known in the oil industry as downstream operations – into a new company bearing the Phillips 66 name. It began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX.
Source: Wikipedia (CC BY-SA 4.0)
ConocoPhillips separated its refining, marketing, and midstream businesses in 2012 to create the company, which refines crude and markets fuel under the Phillips 66, Conoco, and 76 brands. Refining margins are volatile, so the chemicals joint venture with Chevron and the midstream segment are held partly to dampen that swing. Renewable fuel conversion at existing refineries responds to policy incentives. Activist pressure has centered on whether the midstream assets should be separated. Headquarters are in Houston.
Sources: sec.gov · en.wikipedia.org
Equity comp at Phillips 66
- Phillips 66 uses an explicit double-trigger change-in-control severance plan (CICSP) for equity awards. A 2013 board amendment to the CICSP added the requirement that equity awards only accelerate vesting if BOTH a change in control occurs AND the employee is terminated without cause (or resigns for good reason) within 2 years after that change in control.
- Early exercise is not allowed: you have to wait for shares to vest before you can buy them.
- RSUs use double-trigger vesting. Two things must both happen before the shares are yours: (1) the normal time-based vesting completes, and (2) the company has a liquidity event (an IPO or an acquisition). Until both happen, you do not yet own the shares and you do not owe tax on them.
- Vesting schedule: Annual RSU grants under the P66 Omnibus Plan cliff vest (all units vest at once, not gradually) at the end of 3 years, rather than the more common 4-year graded schedule..
Sources: sec.gov · sec.gov · sec.gov
Researched 2026-08-25.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Phillips 66.
If you hold vested Phillips 66 (PSX) shares and need a set amount of cash by a date (a house down payment, tuition, a sabbatical, a business buy-in), the question is which lots to sell and in which tax years to keep the most after tax. This calculator builds the minimum-tax sell schedule across your lots, accounting for federal long-term capital gains, the net investment income tax, and your state.
Example: a 5,000-share PSX position at $264.58 is worth $1,322,900. Say you need $150,000 of it for a house down payment by next spring. Selling enough shares all in one tax year can push the gain into the higher long-term capital-gains bracket and trigger the 3.8% net investment income tax; spreading the sale across two tax years often nets more. The calculator above finds the minimum-tax sell schedule across your specific lots, basis, goal, and date.
All Phillips 66 tools → · Use the generic Stock Sale Funding Calculator for any company.
Phillips 66 equity questions
- How much PSX stock do I sell to fund a goal without overpaying tax?
- It depends on your cost basis, your target amount and date, and how the sale spreads across tax years. Selling vested PSX shares triggers long-term capital-gains tax, plus the 3.8% net investment income tax and state tax above certain income, and bunching a large sale into one year can push the gain into a higher bracket. The calculator above builds the minimum-tax sell schedule across your lots to net your target amount by your date.
- Does Phillips 66 grant ISOs, NSOs, or RSUs?
- Equity compensation at Phillips 66 typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Does Phillips 66 allow early exercise of stock options?
- No. Phillips 66 requires options to vest before you can exercise them, so the holding-period clock for long-term capital-gains treatment starts as each tranche vests and you exercise it.
- Do Phillips 66 RSUs use double-trigger vesting?
- Yes. Phillips 66 restricted stock units (RSUs) vest only when two things both happen: the time-based schedule completes, and the company has a liquidity event such as an initial public offering (IPO) or an acquisition. Until both occur you do not own the shares and owe no tax on them.
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