Form 4: Phillips 66 Executive Ann Kluppel Reports Stock Transaction

Ann Kluppel, Vice President and Controller of Phillips 66, reports the withholding of shares to cover tax obligations related to vesting Restricted Stock Units.

Summary

• On February 8, 2025, Ann Kluppel, Vice President and Controller of Phillips 66, reported a transaction involving Phillips 66 common stock.
• 238 shares were withheld to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs) granted on February 8, 2022.
• The price per share for the transaction was $120.7775, based on the average of the high and low price of the company's stock on February 7, 2025.
• Following the transaction, Kluppel directly owns 21,784 shares of Phillips 66 common stock and indirectly owns 3,453.418 shares through the Phillips 66 Savings Plan.
• The indirect holdings include shares acquired through a 401(k) plan and routine dividend transactions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives to have shares withheld to cover tax obligations when RSUs vest.

Key Dates

Keywords

Phillips 66, PSX, Ann Kluppel, Form 4, Stock Transaction, Restricted Stock Units, RSUs, Beneficial Ownership, Insider Trading