Baldridge Don 4

What Happened
Don Baldridge, Executive Vice President of Phillips 66 (PSX), had 5,885 shares withheld (disposed) on April 1, 2026 to satisfy tax withholding obligations tied to the vesting of Restricted Stock Units (RSUs). The shares are reported at an average price of $177.21, for a notional value of $1,042,851. The filing identifies this as a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-03.
• Price: $177.21 per share (average of the high and low on Apr 1, 2026).
• Shares withheld/disposed: 5,885; Total value shown: $1,042,851.
• Footnotes: (F1) Shares withheld to satisfy tax on RSUs granted April 1, 2023; (F2) price is the avg of high/low on Apr 1, 2026; (F3) grant includes 15,982 RSUs that settle 1-for-1.
• Shares owned after the transaction: not specified in the provided filing data.
• Timeliness: filing appears timely based on provided dates; no late-filing flag was included.

Context
Tax-withholding dispositions occur when a portion of vested RSUs are retained by the company to cover required tax withholding. These are routine administrative actions and, unlike open-market purchases or sales, typically do not signal a change in the insider’s market view.