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 January 17, 2025, Vanessa Allen Sutherland, Executive VP, GC and Secretary of Phillips 66, disposed of 12,291 shares of common stock to cover tax obligations.
• The shares were withheld to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) granted on January 17, 2022.
• The transaction was executed at an average price of $119.857 per share.
• Following the transaction, Sutherland beneficially owns 42,033 shares, including 20,066 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 SEC filing related to stock transactions by a company executive. It doesn't inherently convey 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 transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates