Form 4: Phillips 66 Executive VP Vanessa Allen Sutherland Reports Stock Disposal for Tax Obligations

Executive VP Vanessa Allen Sutherland of Phillips 66 reports disposing of shares to cover tax obligations related to vesting Restricted Stock Units.

Summary

• On February 8, 2025, Vanessa Allen Sutherland, Executive VP, GC and Secretary of Phillips 66, disposed of 2,652 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 transaction was executed at a price of $120.7775 per share, which is the average of the high and low price of Phillips 66 stock on February 7, 2025.
• Following the transaction, Sutherland beneficially owns 39,381 shares, including 13,328 RSUs that settle for shares of Phillips 66 common stock on a 1-for-1 basis.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative 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 practice of executives covering tax obligations through stock disposal.

Key Dates

Keywords

Form 4, Phillips 66, PSX, Vanessa Allen Sutherland, Executive VP, Restricted Stock Units, RSUs, Tax Withholding, Beneficial Ownership, Stock Disposal