secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2021-07-21T23:59:59+00:00
Accession:  0001534701-21-000143
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Phillips 66 Controller Oyolu resigns; Pruitt appointed as successor effective Aug 4, 2021
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- Chukwuemeka A. Oyolu resigns as VP and Controller; effective Aug 4, 2021.
- J. Scott Pruitt, previously General Auditor, appointed as VP and Controller succeeding Oyolu.
- Pruitt receives one-time RSU award of $750,000; cliff vests in two years.
- Target VIC increases to 50% of base salary; 2022 LTI grants set at 160% of base salary.
- Outstanding performance share grants increased pro-rata to 80% of base salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000153470121000143/0001534701-21-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000153470121000143/psx-20210716.htm
  HTML page:      https://secwatch.observer/filing/0001534701-21-000143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer