The stretching‐induced phase transition from tetragonal Form II to hexagonal Form I and the evolution of corresponding crystallite orientation were studied for the butene‐1/ethylene random copolymer with 1.5 mol % ethylene by using a combination of tensile test and in situ wide‐angle X‐ray diffraction. Three orientation pathways were distinguished for II‐I phase transition, including phase transition accomplishing within off‐axis oriented crystallites (Orientation Pathway 1), phase transition with simultaneous formation of highly oriented crystallites (Orientation Pathway 2), and phase transition occurring within the highly oriented crystallites already formed (Orientation Pathway 3). The kinetics of II‐I transition was correlated with the macroscopic mechanical response, which exhibits a strong dependence on orientation. In Orientation Pathway 1, the triggering of phase transition corresponds to the mechanical yielding. More interestingly, the kinetics of transition exhibits the identical dependence on stress. However, in Orientation Pathways 2 and 3, appearance of the highly oriented crystallites substantially alters transition kinetics, which is tentatively associated with the stress bearing by interstack tie chains. © 2018 Wiley Periodicals, Inc. J. Polym. Sci., Part B: Polym. Phys. 2019, 57, 116–126