Form 4: Phillips 66 Executive Zhanna Golodryga Reports Stock Transactions
SEC Filing
Executive Vice President Zhanna Golodryga reports the withholding of shares to cover tax obligations related to vesting Restricted Stock Units and ongoing acquisitions under a 401(k) plan.
Summary
- On February 8, 2025, Zhanna Golodryga, an Executive Vice President at Phillips 66, reported a transaction involving common stock.
- 1,062 shares were withheld to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs) granted on February 8, 2022, at a price of $120.7775 per share.
- Following the transaction, Golodryga directly owns 25,680 shares of Phillips 66 common stock.
- She also indirectly owns 529.04 shares through the Phillips 66 401K Savings Plan.
- These shares were acquired through ongoing acquisitions under a 401(k) plan and/or routine dividend transactions.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing routine stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It reflects standard compensation practices involving stock-based awards and tax obligations.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Phillips 66 and their executives.
- Companies like ExxonMobil (XOM) and Chevron (CVX) also have similar insider transaction reporting requirements.
- The vesting of RSUs and subsequent tax withholding are common forms of executive compensation across the energy sector.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves tax withholding related to executive compensation.
- The filing provides transparency to stakeholders regarding insider transactions, which is a standard corporate governance practice.
Key Dates
| Date | Description |
|---|---|
| February 8, 2022 | Date of Restricted Stock Units (RSUs) grant. |
| February 7, 2025 | Date used to calculate the average stock price for tax withholding. |
| February 8, 2025 | Date of the reported stock transaction. |
| February 11, 2025 | Date of the signature on the Form 4 filing. |
Keywords
Phillips 66, PSX, Zhanna Golodryga, Executive Vice President, Form 4, Stock Transaction, Restricted Stock Units, RSUs, Tax Withholding, 401K Savings Plan, Beneficial Ownership
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