Form 4: Phillips 66 Executive VP and CFO Kevin J. Mitchell Reports Stock Transaction

Executive VP and CFO of Phillips 66, Kevin J. Mitchell, reports disposition of shares to cover tax obligations related to vesting of Restricted Stock Units.

Summary

• On February 8, 2025, Kevin J. Mitchell, Executive VP and CFO of Phillips 66, reported a transaction involving Phillips 66 common stock.
• Mitchell disposed of 3,748 shares of common stock to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
• The shares were disposed of at a price of $120.7775, which is the average of the high and low price of the company's stock on February 7, 2025.
• Following the transaction, Mitchell directly owns 77,842 shares of Phillips 66 common stock, which includes 20,615 RSUs that will settle for shares on a 1-for-1 basis.
• Mitchell also indirectly owns 1,300.777 shares through the COP Savings Plan.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like the CFO, engage in transactions involving the company's stock. It provides transparency to the market regarding the trading activities of key personnel.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

Phillips 66, PSX, Kevin J. Mitchell, Executive VP, CFO, Form 4, Stock Transaction, Restricted Stock Units, RSUs, Beneficial Ownership, COP Savings Plan