Form 4: Phillips 66 EVP Sells Shares for Tax Obligations

Phillips 66's EVP of Refining, Richard G. Harbison, disposed of 319 common shares to cover FICA tax liabilities.

Summary

• Richard G. Harbison, Executive Vice President of Refining at Phillips 66 (PSX), reported a transaction involving the company's common stock.
• On December 10, 2025, Harbison disposed of 319 shares of Phillips 66 common stock.
• The shares were withheld by the Issuer to satisfy FICA tax obligations, a common practice for equity compensation.
• The transaction price for the disposed shares was $141.3725 per share, which represents the average of the high and low price of the company's stock on the transaction date.
• Following this transaction, Harbison directly beneficially owns 32,301 shares, which includes 21,000 Restricted Stock Units that settle on a 1-for-1 basis.
• Additionally, Harbison indirectly beneficially owns 6,621.814 shares through the Phillips 66 Savings Plan and 40 shares indirectly by his son.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's view of the company's prospects or operational performance.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes by an executive, not indicative of a change in company fundamentals or executive confidence.

Key Dates

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Richard G. Harbison, Stock Sale, Tax Withholding, Executive Compensation, Refining