Phillips 66 (PSX) EVP Sutherland sells 4,394 shares via 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Phillips 66 executive Vanessa Allen Sutherland, EVP, GC and Secretary, sold 4,394 shares of common stock on February 4, 2026 at $150 per share. The sale was executed automatically under a Rule 10b5-1 trading plan adopted on February 12, 2025.
Following this transaction, she beneficially owned 25,799 Phillips 66 shares, including 21,713 restricted stock units that will each settle into one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,394 shares ($659,100)
Net Sell
1 txn
Insider
Sutherland Vanessa Allen
Role
EVP, GC and Secretary
Sold
4,394 shs ($659K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,394 | $150.00 | $659K |
Holdings After Transaction:
Common Stock — 25,799 shares (Direct)
Footnotes (1)
- The reported sale of 4,394 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2025. Includes 21,713 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
FAQ
What did Phillips 66 EVP Vanessa Allen Sutherland report on this Form 4 for PSX?
Vanessa Allen Sutherland reported selling 4,394 Phillips 66 common shares at $150 each on February 4, 2026. The transaction was a routine insider sale disclosed under Section 16 reporting requirements for company officers.
Was the Phillips 66 (PSX) insider sale by Vanessa Allen Sutherland pre-planned?
Yes. The 4,394-share sale occurred automatically under a Rule 10b5-1 trading plan adopted on February 12, 2025. Such plans allow insiders to schedule trades in advance, helping separate personal trading from day-to-day corporate information.
What is the role of the insider involved in this Phillips 66 (PSX) Form 4 filing?
The reporting person, Vanessa Allen Sutherland, serves as Executive Vice President, General Counsel, and Secretary of Phillips 66. As a senior officer, she must report transactions in company equity securities on Form 4 under Section 16 rules.
Do Vanessa Allen Sutherland’s holdings include restricted stock units of Phillips 66 (PSX)?
Yes. Her reported beneficial ownership includes 21,713 restricted stock units. Each unit is scheduled to settle into one share of Phillips 66 common stock, effectively representing future share delivery tied to company equity awards.