Phillips 66 CEO Mark Lashier Withholds 9,686 Shares for Taxes

What Happened Mark E. Lashier, Chairman, CEO and a director of Phillips 66 (PSX), had 9,686 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The shares were valued at $156.93 each (average of the high and low on Feb 6, 2026), for a total of approximately $1,519,976. This was a withholding to cover taxes on vested RSUs—not an open-market sale.

Key Details

• Transaction date: 2026-02-07. Form filed: 2026-02-09 (appears to be within the typical two-business-day Form 4 deadline).
• Shares withheld: 9,686; Price used: $156.93 (avg. of high and low on Feb 6, 2026); Value: $1,519,976.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: (F1) Shares were withheld to satisfy tax withholding for RSUs granted Feb 7, 2023. (F2) Price is the average of the high and low on Feb 6, 2026. (F3) Filing notes 57,843 RSUs that settle 1-for-1 into shares.
• Transaction code: F = tax withholding (not a market sale).

Context This is a routine administrative transaction: RSUs vested and the company withheld a portion of the shares to cover taxes (a cashless/withholding settlement). Such withholdings are common and do not necessarily indicate a change in the insider’s view of the company.