Phillips 66 EVP Unloads $7.4B in Stock via 10b5-1 Plan
PSX sits 80% above its 52-week low of $118.07.
Summary
Phillips 66 EVP Vanessa Allen Sutherland sold $7.4 billion in stock under a 10b5-1 plan, representing 8.7% of the company's market cap.
Key Events · Ownership and Investor Activity · PSX
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EVP Sells $7.4B in Stock
Vanessa Allen Sutherland, EVP, GC and Secretary, sold 4,086 shares for approximately $7.4 billion under a 10b5-1 trading plan adopted March 17, 2026.
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Sale Represents 8.7% of Market Cap
The transaction value equals 8.737% of Phillips 66's $85.1 billion market cap, a highly unusual magnitude for an insider sale.
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Executed Near 52-Week High
The sales occurred at prices between $211.00 and $211.05, just below the 52-week high of $212.39, potentially locking in gains.
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10b5-1 Plan Reduces Conviction Signal
The sales were automatic under a pre-arranged Rule 10b5-1 plan, indicating they were scheduled in advance rather than a reaction to current events.
Analysis · PSX · Energy & Transportation
Vanessa Allen Sutherland, EVP, GC and Secretary, sold 4,086 shares for approximately $7.4 billion under a pre-arranged 10b5-1 trading plan. The sale represents a significant 8.7% of the company's market cap, executed near the 52-week high. While the 10b5-1 plan reduces the signal of insider conviction, the sheer size of the transaction relative to the company's value is notable and could pressure the stock.
At the time of this filing, PSX was trading at $212.27 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $85.1B. The 52-week trading range was $118.07 to $212.39. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.