Form 4: Phillips 66 CEO Sells Shares for Tax Obligations

Phillips 66 Chairman and CEO Mark E. Lashier disposed of 9,686 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

• Mark E. Lashier, Chairman and CEO of Phillips 66 (PSX), reported a disposition of common stock.
• The transaction involved 9,686 shares of common stock.
• The shares were disposed of on February 7, 2026, at an average price of $156.925 per share.
• This disposition was to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs) granted on February 7, 2023.
• Following the transaction, Mark E. Lashier directly beneficially owns 81,384 shares, which includes 57,843 RSUs that settle on a 1-for-1 basis.
• Additionally, 15,628 shares are indirectly owned by a SLAT and another 15,628 shares are indirectly owned by a Family Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine disposition of shares for tax purposes related to RSU vesting and does not reflect a discretionary sale or purchase by the insider.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Phillips 66's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving the disposition of shares to cover tax withholding obligations upon RSU vesting, are common and routine events. Such transactions are generally not indicative of management's sentiment towards the company's future prospects or broader industry trends, but rather a standard administrative process for equity compensation.

Stakeholder Impact

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

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares for tax withholding purposes related to RSU vesting. It does not provide new fundamental information about Phillips 66's operational performance or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing does not alter the investment thesis.

Keywords

Phillips 66, PSX, Mark E. Lashier, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding