Phillips 66 (NYSE: PSX) officer reports 72-share tax withholding, 27K+ shares owned
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Phillips 66 executive reports small tax-related share withholding
A Phillips 66 vice president and controller reported a routine equity transaction on December 10, 2025. The company withheld 72 shares of common stock to cover FICA taxes, at an average price of $141.3725 based on that day’s high and low prices. After this transaction, the executive beneficially owned 23,638 shares directly and 3,585.272 shares indirectly through the Phillips 66 Savings Plan. The reported holdings include 3,761 restricted stock units that will settle one-for-one in Phillips 66 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kluppel Ann M
Role
Vice President and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 72 | $141.3725 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,638 shares (Direct);
Common Stock — 3,585.272 shares (Indirect, By Phillips 66 Savings Plan)
Footnotes (1)
- Transaction represents the withholding of shares by the Issuer to satisfy FICA taxes. The price reflected above is the average of the high and the low price of the Company's stock on December 10, 2025. Includes 3,761 Restricted Stock Units that settle for shares of Phillips 66 common stock on a 1-for-1 basis. Includes shares acquired through ongoing acquisitions under a 401(k) plan and/or routine dividend transactions that are exempt under rule 16a-11.
FAQ
What insider transaction did Phillips 66 (PSX) disclose in this Form 4?
A Phillips 66 vice president and controller reported a routine withholding of 72 shares of common stock on December 10, 2025 to satisfy FICA taxes.
Does the Form 4 include restricted stock units for Phillips 66 (PSX)?
Yes. The reported holdings include 3,761 restricted stock units that settle into Phillips 66 common stock on a 1-for-1 basis.
Was this Phillips 66 (PSX) insider transaction a sale on the open market?
No. The Form 4 states the transaction reflected the withholding of shares by the issuer to satisfy FICA taxes, rather than an open-market sale.
What plan is referenced in the indirect ownership for Phillips 66 (PSX)?
The indirect ownership relates to 3,585.272 shares held through the Phillips 66 Savings Plan, including shares from ongoing acquisitions and dividend transactions under Rule 16a-11.