Form 4: Phillips 66 Executive Withholds Shares for Tax

Phillips 66 EVP, GC and Secretary Vanessa Allen Sutherland reported a disposition of 1,654 common shares for tax obligations related to RSU vesting.

Summary

• Vanessa Allen Sutherland, Executive Vice President, General Counsel, and Secretary of Phillips 66 (PSX), reported a transaction on February 7, 2026.
• The transaction involved the disposition of 1,654 shares of Phillips 66 common stock.
• These shares were withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs) that were granted on February 7, 2023.
• The price per share for the disposition was $156.925, which represents the average of the high and low stock prices on February 6, 2026.
• Following this transaction, Vanessa Allen Sutherland beneficially owns 24,145 shares of Phillips 66 common stock, which includes 15,142 RSUs that settle on a 1-for-1 basis.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard tax withholding transaction upon RSU vesting, which is a common occurrence for executive compensation and does not reflect discretionary buying or selling.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly tax-related dispositions, are common and generally do not signal significant shifts in company strategy or performance, unlike open market purchases or sales. This type of transaction is a routine part of executive compensation plans involving equity awards.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale by an insider.
• Employees: Reflects standard executive compensation practices involving RSU vesting and associated tax obligations.

Key Dates

Recommendation

This Form 4 reports a routine tax withholding transaction related to RSU vesting by an executive. It does not indicate a change in the company's fundamentals or strategic direction, nor does it suggest a discretionary sale or purchase that would alter an investment thesis. Therefore, a 'hold' recommendation is appropriate as this event alone provides no new material information to change an existing position.

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Vanessa Allen Sutherland, Restricted Stock Units, Tax Withholding