Form 4: Phillips 66 VP Controller's RSU Tax Withholding
Insider Transaction Report
Phillips 66 Vice President and Controller Ann M. Kluppel reported a routine disposition of 228 common shares for tax withholding related to RSU vesting.
Summary
- Ann M. Kluppel, Vice President and Controller of Phillips 66, reported a transaction involving the company's common stock.
- On February 7, 2026, 228 shares of Phillips 66 common stock were disposed of.
- The disposition was for tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) that were granted on February 7, 2023.
- The shares were valued at an average price of $156.925 per share, based on the high and low prices of the company's stock on February 6, 2026.
- Following this transaction, Ms. Kluppel directly owns 23,410 shares, which includes 2,729 RSUs.
- Additionally, Ms. Kluppel indirectly owns 3,585.272 shares through the Phillips 66 Savings Plan, including shares acquired via 401(k) and routine dividend transactions.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction related to executive compensation rather than a strategic move or a reflection of company performance.
Positives
- The vesting of Restricted Stock Units indicates the fulfillment of compensation incentives for a key executive.
- The transaction is a routine part of executive compensation, demonstrating a structured approach to equity awards.
Negatives
- A disposition of shares, even for tax purposes, reduces the direct beneficial ownership of the executive.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine tax withholdings upon RSU vesting are a standard practice across publicly traded companies, particularly in the energy sector, reflecting the common structure of executive compensation packages that include equity awards.
Stakeholder Impact
- Shareholders: Minimal direct impact as it's a routine, small-scale transaction related to executive compensation.
- Employees: No direct impact on general employees.
Key Dates
| Date | Description |
|---|---|
| 02/07/2023 | Date Restricted Stock Units (RSUs) were granted. |
| 02/06/2026 | Date used to determine the average high and low price of Phillips 66 stock for the transaction. |
| 02/07/2026 | Transaction date for the disposition of shares due to RSU vesting and tax withholding. |
| 02/09/2026 | Date the Form 4 filing was signed by the Attorney-in-Fact. |
Keywords
Phillips 66, PSX, Form 4, Insider Transaction, Restricted Stock Units, RSU, Tax Withholding, Executive Compensation, Ann M. Kluppel, Common Stock
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