Phillips 66 (PSX) EVP Vanessa Allen Sutherland logs planned insider stock sale
Rhea-AI Filing Summary
Phillips 66 executive Vanessa Allen Sutherland, EVP, General Counsel and Secretary, reported an automatic sale of common stock under a pre-arranged Rule 10b5-1 trading plan. On January 9, 2026, she sold 4,394 shares of Phillips 66 common stock at $145 per share, a transaction code "S" for a sale.
After this sale, she reported beneficial ownership of 30,193 shares of Phillips 66 common stock. This total includes 21,713 Restricted Stock Units, which are set to settle into Phillips 66 common shares on a 1-for-1 basis. The filing reflects a routine insider transaction executed according to a trading plan adopted on February 12, 2025.
Positive
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Insights
Routine 10b5-1 sale by Phillips 66 executive with sizeable remaining stake.
The filing shows Vanessa Allen Sutherland, EVP, General Counsel and Secretary of Phillips 66, sold 4,394 shares of common stock at $145 per share on January 9, 2026. The transaction is coded as a sale and is described as occurring automatically under a pre-established Rule 10b5-1 trading plan adopted on February 12, 2025, indicating it was planned in advance.
After the transaction, she reports beneficial ownership of 30,193 shares, which includes 21,713 Restricted Stock Units that convert into common stock on a 1-for-1 basis. This suggests she continues to hold a meaningful economic interest aligned with equity performance through both stock and RSUs. The disclosure is a standard insider update rather than a fundamental change, and its significance depends on how investors interpret ongoing Rule 10b5-1 activity in future company filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,394 | $145.00 | $637K |
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
Who reported the insider transaction in Phillips 66 (PSX)?
The transaction was reported by Vanessa Allen Sutherland, who serves as EVP, General Counsel and Secretary of Phillips 66.
Was the Phillips 66 (PSX) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the sale of 4,394 shares occurred automatically under a Rule 10b5-1 trading plan adopted on February 12, 2025.
What portion of Vanessa Allen Sutherland’s Phillips 66 (PSX) holdings are Restricted Stock Units?
The filing notes that her holdings include 21,713 Restricted Stock Units, which settle into Phillips 66 common stock on a 1-for-1 basis.