Form 4: Phillips 66 CFO Sells Shares for Tax Obligations

Phillips 66's Executive VP and CFO, Kevin J. Mitchell, disposed of 3,361 common shares to cover tax liabilities from RSU vesting.

Summary

• Kevin J. Mitchell, Executive VP and CFO of Phillips 66 (PSX), reported a transaction involving the company's common stock.
• On February 7, 2026, 3,361 shares of common stock were disposed of.
• This disposition was to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) granted on February 7, 2023.
• The shares were valued at an average price of $156.925 per share, based on the high and low prices on February 6, 2026.
• Following this transaction, Mitchell directly beneficially owns 85,965 shares, which includes 20,438 RSUs convertible to common stock on a 1-for-1 basis.
• Additionally, Mitchell indirectly owns 1,300.777 shares through the COP Savings Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine transaction related to executive compensation and tax obligations, not indicative of positive or negative company performance or insider sentiment.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as share dispositions for tax obligations upon RSU vesting, are common across all industries, particularly for executives receiving equity-based compensation. This specific transaction for Phillips 66's CFO is a standard event related to executive compensation and does not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation.

Key Dates

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Tax Withholding, Common Stock