Form 4: Phillips 66 CEO Sells Shares for Tax Obligations

Phillips 66 Chairman and CEO Mark E. Lashier reported the disposition of 1,207 common shares to cover FICA tax obligations at an average price of $141.3725 per share.

Summary

• Mark E. Lashier, Chairman and CEO of Phillips 66 (PSX), reported a transaction involving the company's common stock.
• On December 10, 2025, 1,207 shares of common stock were disposed of.
• This transaction was a withholding of shares by Phillips 66 to satisfy FICA taxes.
• The shares were disposed of at an average price of $141.3725 per share, calculated as the average of the high and low prices on the transaction date.
• Following this transaction, Mr. Lashier directly beneficially owns 91,070 shares, which includes 86,598 Restricted Stock Units (RSUs) that settle on a 1-for-1 basis.
• Additionally, Mr. Lashier indirectly beneficially owns 15,628 shares through a SLAT and another 15,628 shares through a Family Trust.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary disposition of shares by an insider to cover tax obligations, which is a neutral event from an investment sentiment perspective.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a non-discretionary sale of shares to cover tax obligations. Such transactions are common for executives receiving equity compensation and typically do not reflect a change in management's outlook on the company or broader industry trends.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not indicate a change in the insider's view of the company's prospects.

Key Dates

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Stock Sale, Mark Lashier, FICA Tax, CEO