Phillips 66 (NYSE: PSX) EVP reports 1,654-share tax withholding event
Rhea-AI Filing Summary
Phillips 66 executive Vanessa Allen Sutherland, EVP, General Counsel and Secretary, reported a routine tax-related transaction in company stock. On February 7, 2026, 1,654 shares of Phillips 66 common stock were withheld to cover tax obligations tied to the vesting of restricted stock units granted in February 2023.
The withholding price was $156.925 per share, based on the average of the high and low trading prices on February 6, 2026. After this transaction, she beneficially owned 24,145 shares in total, including 15,142 RSUs that each convert into one share of Phillips 66 common stock.
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FAQ
What insider transaction did Phillips 66 (PSX) report for Vanessa Allen Sutherland?
The filing shows 1,654 Phillips 66 shares withheld from Vanessa Allen Sutherland to cover tax obligations on vested RSUs. This is a non-discretionary, tax-related event rather than an open-market sale, and is commonly reported on Form 4 for executive equity awards.
On what date did the Phillips 66 (PSX) insider tax withholding occur?
The tax-related share withholding occurred on February 7, 2026, in connection with RSUs granted on February 7, 2023. The transaction reflects the routine settlement of equity awards when they vest and associated tax liabilities must be satisfied in company stock.
How many Phillips 66 (PSX) shares were withheld for taxes in this Form 4?
The filing reports 1,654 Phillips 66 common shares withheld to satisfy tax withholding obligations. These shares relate to the vesting of previously granted restricted stock units, a standard mechanism for executives to cover tax liabilities upon equity award vesting.
What price was used for the Phillips 66 (PSX) tax withholding shares?
The withholding price was $156.925 per Phillips 66 share, based on the average of the high and low trading prices on February 6, 2026. This averaged price is used solely for the tax calculation in the reported RSU vesting event.
How many Phillips 66 (PSX) shares does Vanessa Allen Sutherland own after the transaction?
After the reported transaction, Vanessa Allen Sutherland beneficially owned 24,145 Phillips 66 shares. This total includes 15,142 restricted stock units that will each settle into one share of Phillips 66 common stock on a one-for-one basis when they are delivered.
Are RSUs included in the reported Phillips 66 (PSX) holdings for Vanessa Allen Sutherland?
Yes. The filing states her holdings include 15,142 restricted stock units that settle into Phillips 66 common shares on a one-for-one basis. These RSUs are counted within the 24,145 total shares beneficially owned after the tax withholding transaction.