U.S. Refinery Chief Legal Officer Sells Shares While Retaining 10 Billion Won Stake

Vanessa Allen Sutherland, Executive Vice President, General Counsel and Corporate Secretary of U.S.-based refining and petrochemical company Phillips 66 (NYSE: PSX), sold several thousand shares of the company’s common stock at approximately $145 per share under a pre-established Rule 10b5-1 trading plan on January 9, 2026. The sale generated about $637,000 (roughly KRW 860 million) in proceeds.

Even after this transaction, Sutherland still directly owns around 30,000 shares of Phillips 66 common stock—equivalent to about $4.3 million (KRW 5.8 billion) at recent prices—and retains a substantial number of unvested restricted stock units. Including those restricted units, her total economic stake is estimated at roughly $7.5 million (around KRW 10 billion) based on current trading levels.

Meanwhile, Phillips 66 is set to announce its fourth-quarter and full-year 2025 results today, followed by a management webcast at noon Eastern Time. The stock has continued its upward trajectory, reaching a 52-week high of $148.09 on February 3. According to Investor’s Business Daily, the company’s Relative Strength (RS) rating recently rose from 70 to 73, reflecting improved price momentum over the past year.

Headquartered in Houston, Texas, Phillips 66 is an integrated downstream energy company whose operations span refining, midstream, chemicals, marketing and specialties, and renewable fuels—producing and supplying products to meet global energy demand.

In her role as Executive Vice President, General Counsel and Corporate Secretary, Sutherland oversees the company’s legal and regulatory risk as well as board governance matters.