Form 4: Phillips 66 CEO Mark Lashier Reports Share Transaction

Phillips 66 CEO Mark Lashier reported a transaction involving the withholding of 967 shares to cover FICA taxes.

Summary

• Mark Lashier, CEO of Phillips 66, reported a transaction on December 2, 2024, involving the withholding of 967 shares of common stock to satisfy FICA taxes.
• The transaction was executed at an average price of $134.305 per share.
• Following the transaction, Mr. Lashier beneficially owns 98,800 shares of Phillips 66 common stock, which includes 79,034 Restricted Stock Units that settle for shares on a 1-for-1 basis.
• The report was filed late due to an administrative error.

Sentiment

Score: 6

Explanation: The document is a routine filing of a share transaction, with a minor negative of a late filing due to an administrative error. Overall, it is neutral.

Negatives

• The transaction report was filed late due to an administrative error.

Risks

• Administrative errors in reporting transactions could lead to compliance issues.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the holdings of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a common occurrence where shares are withheld to cover tax obligations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine transaction for tax purposes.

Key Dates

Keywords

Phillips 66, Mark Lashier, share transaction, FICA taxes, Form 4, insider trading, restricted stock units