Phillips 66 (NYSE: PSX) CFO covers RSU taxes with 3,361 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Phillips 66 executive vice president and CFO Kevin J. Mitchell reported a tax-related share withholding tied to vesting restricted stock units. On February 7, 2026, 3,361 shares of Phillips 66 common stock were withheld to satisfy tax obligations from RSUs granted on February 7, 2023, at a reference price of $156.925 per share, the average of the high and low price on February 6, 2026.
After this transaction, Mitchell beneficially owned 85,965 shares directly, plus 1,300.777 shares held indirectly through the COP Savings Plan, and his holdings include 20,438 RSUs that settle into Phillips 66 common stock on a 1-for-1 basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mitchell Kevin J
Role
Exec. VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,361 | $156.925 | $527K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 85,965 shares (Direct);
Common Stock — 1,300.777 shares (Indirect, COP Savings Plan)
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 the low price of the Company's stock on February 6, 2026. Includes 20,438 RSUs that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
FAQ
What insider transaction did Phillips 66 (PSX) CFO Kevin J. Mitchell report?
Kevin J. Mitchell reported 3,361 Phillips 66 shares withheld to cover taxes on vested restricted stock units. The withholding relates to RSUs granted February 7, 2023, and is a tax-settlement event rather than an open-market stock sale.
What is the nature of the indirect Phillips 66 holdings reported by the CFO?
The Form 4 shows 1,300.777 Phillips 66 shares held indirectly through the COP Savings Plan. This indicates those shares are part of a savings or retirement-type plan rather than directly held in a standard brokerage account by Kevin J. Mitchell.
How are restricted stock units (RSUs) reflected in Kevin J. Mitchell’s Phillips 66 holdings?
The filing states that his holdings include 20,438 restricted stock units. These RSUs settle into Phillips 66 common stock on a 1-for-1 basis, meaning each RSU converts into one share when vesting and settlement conditions are met.