Form 4: Phillips 66 EVP Sells Shares for Tax Obligations
Insider Transaction Report
Phillips 66 Executive Vice President Don Baldridge disposed of 257 common shares to cover FICA tax obligations.
Summary
- Don Baldridge, Executive Vice President of Phillips 66, reported a transaction involving the company's common stock.
- The transaction occurred on December 10, 2025.
- 257 shares of common stock were disposed of by the issuer to satisfy FICA tax obligations.
- The shares were valued at an average price of $141.3725 per share, calculated from the high and low prices on the transaction date.
- Following this transaction, Don Baldridge beneficially owns 39,453 shares, which includes 26,540 Restricted Stock Units (RSUs) that settle on a 1-for-1 basis for Phillips 66 common stock.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine tax-related disposition of shares by an executive, not indicative of a change in sentiment towards the company or its performance.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This is a routine insider transaction related to tax obligations and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| 12/10/2025 | Date of transaction where 257 shares were disposed of for FICA taxes. |
| 12/11/2025 | Date the Form 4 was signed by William H. Bald, as Attorney-in-Fact for Don Baldridge. |
Keywords
Phillips 66, PSX, insider transaction, Form 4, executive compensation, stock disposition, FICA tax
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