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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,654 | $156.925 | $260K |
Footnotes (1)
- Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs) granted on February 7, 2023. The price reflected above is the average of the high and low price of the Company's stock on February 6, 2026. Includes 15,142 RSUs that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
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.
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.