PSX.NYSEPhillips 66

Form 4: Phillips 66 CFO Reports Routine Share Withholding

Sentiment:

Insider Transaction Report

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Phillips 66 Executive VP and CFO Kevin J. Mitchell reported the withholding of 445 common shares to cover FICA taxes.

Summary

  • Kevin J. Mitchell, Executive VP and CFO of Phillips 66 (PSX), reported a transaction involving Phillips 66 common stock.
  • On December 10, 2025, 445 shares of common stock were disposed of (withheld by the Issuer) to satisfy FICA taxes.
  • The transaction price for the disposed shares was $141.3725 per share, calculated as the average of the high and low price of the Company's stock on the transaction date.
  • Following this transaction, Mitchell directly beneficially owns 89,326 shares, which includes 32,099 Restricted Stock Units that settle on a 1-for-1 basis.
  • Additionally, Mitchell indirectly owns 1,300.777 shares through the COP Savings Plan.
  • The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary event for tax purposes, indicating neutral sentiment. It does not reflect a discretionary buy or sell decision by the insider.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide broader industry context. It reflects standard executive compensation and tax compliance practices within the energy sector.

Stakeholder Impact

  • This routine tax-related share withholding has minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as it is a standard part of executive compensation and tax compliance.

Key Dates

DateDescription
12/10/2025Date of earliest transaction, where shares were withheld for FICA taxes.
12/11/2025Signature date of the reporting person's attorney-in-fact.

Recommendation

hold

This Form 4 reports a routine, non-discretionary withholding of shares for tax purposes by an executive. It does not signal any change in the company's fundamentals or the executive's confidence in the company, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Executive Compensation, Share Withholding, FICA Taxes, Kevin J. Mitchell, CFO

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