U.S. Refinery Executive Sells Shares, Retaining Stake Worth 10 Billion Won

Vanessa Allen Sutherland, Executive Vice President and General Counsel of Phillips 66 (PSX), sold approximately 4,400 shares of the company’s common stock on the open market at about $145 per share on January 9, 2026, under a pre-established Rule 10b5-1 trading plan, generating roughly $637,000 in proceeds. After this automatic sale, she still holds economic interests in approximately 51,900 shares—about 30,000 common shares plus some 21,000 restricted stock units (RSUs) that will convert into common shares—equivalent to roughly $7.5 million at recent market prices.

In its latest filings, Phillips 66 reported net income of $2.9 billion and adjusted earnings of $1.0 billion for the fourth quarter of 2025, emphasizing record volumes in natural gas liquids (NGL) transportation and fractionation as well as high refinery utilization rates. In December 2025, the company unveiled a $2.4 billion capital budget for 2026, focused on growth investments in its midstream and refining segments and on portfolio realignment.

Since spinning off from ConocoPhillips in 2012, Phillips 66—headquartered in Houston, Texas—has grown into a leading U.S. downstream energy company with operations spanning refining, midstream, marketing and chemicals.