Form 4: Phillips 66 VP Controller Sells Shares for Tax

Phillips 66 Vice President and Controller Ann M. Kluppel disposed of 72 shares of common stock to cover FICA taxes at an average price of $141.3725.

Summary

• Ann M. Kluppel, Vice President and Controller of Phillips 66 (PSX), reported a transaction involving the company's common stock.
• On December 10, 2025, 72 shares of Phillips 66 common stock were disposed of.
• This disposition was a withholding of shares by the Issuer to satisfy FICA taxes.
• The transaction price was $141.3725 per share, calculated as the average of the high and low price of the company's stock on the transaction date.
• Following this transaction, Ms. Kluppel directly beneficially owns 23,638 shares, which includes 3,761 Restricted Stock Units that settle on a 1-for-1 basis.
• Additionally, Ms. Kluppel indirectly beneficially owns 3,585.272 shares through the Phillips 66 Savings Plan, including shares acquired through ongoing acquisitions and routine dividend transactions exempt under Rule 16a-11.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction for tax purposes and does not indicate a change in company fundamentals or management's view on the stock.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal impact on shareholders as it is a routine, small-scale insider transaction for tax purposes and does not reflect a change in the company's operational or financial outlook.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an officer to cover FICA taxes, which is a standard practice for equity compensation. It does not reflect a change in the company's fundamentals, strategic direction, or management's confidence in the stock, thus maintaining a 'hold' recommendation.

Keywords

Phillips 66, PSX, Form 4, Insider Transaction, Stock Sale, Ann M. Kluppel, FICA taxes, Common Stock