Form 4: Phillips 66 Executive Brian Mandell Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President Brian Mandell reports disposition of Phillips 66 common stock to cover tax obligations related to vesting of Restricted Stock Units.
Summary
- On February 8, 2025, Brian Mandell, an Executive Vice President at Phillips 66, disposed of 2,001 shares of common stock to satisfy tax withholding obligations.
- The shares were withheld in connection with the vesting of Restricted Stock Units (RSUs) granted on February 8, 2022.
- The price per share was $120.7775, which is the average of the high and low price of Phillips 66 stock on February 7, 2025.
- Following the transaction, Mandell beneficially owns 48,839.9177 shares, including 15,728 RSUs that will settle for shares of Phillips 66 common stock on a 1-for-1 basis.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/08/2022 | Date of grant for the Restricted Stock Units (RSUs). |
| 02/07/2025 | Date used to calculate the average stock price for tax withholding. |
| 02/08/2025 | Date of the stock transaction (disposal of shares). |
| 02/11/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.