Sutherland Vanessa Allen 4
Research Summary
AI-generated summary
Phillips 66 EVP Vanessa Sutherland Sells 4,394 Shares
What Happened
- Vanessa Allen Sutherland, EVP, General Counsel and Secretary of Phillips 66 (PSX), sold 4,394 shares of Phillips 66 common stock on February 4, 2026 at $150.00 per share, for proceeds of $659,100. The transaction is reported as a sale (S).
Key Details
- Transaction date and price: Feb 4, 2026 — 4,394 shares at $150.00 each.
- Value: $659,100 total proceeds.
- Execution type: Reported as an open market/private sale; footnote states the sale occurred automatically under a Rule 10b5-1 trading plan adopted Feb 12, 2025.
- Holdings note: Filing references 21,713 Restricted Stock Units that settle 1-for-1 into common shares; the filing excerpt provided does not list total shares owned after the transaction.
- Filing timeliness: Form 4 filed Feb 5, 2026 (next-business-day), so the filing appears timely.
Context
- This was a planned sale under a pre-established 10b5-1 trading plan, which generally means the trades were automated according to preset instructions and are not a discretionary, real-time signal of the insider’s view. Sales are common for routine liquidity or diversification; they are not as strong an indicator as insider purchases.