secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001534701-24-000097
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Phillips 66 names Ann Kluppel VP & Controller; Pruitt retiring May 31
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- Ann M. Kluppel appointed VP, Controller and principal accounting officer effective May 13, 2024.
- J. Scott Pruitt to retire effective May 31, 2024; announced departure on April 1.
- Kluppel joined in 2012 spin-off; current role General Auditor since August 2021.
- Compensation: VCIP target increased to 50% of salary (prorated 2024); LTIP at 160% of salary from 2025.
- Outstanding performance share awards increased to 112% of base salary on pro-rata basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000153470124000097/0001534701-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000153470124000097/psx-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001534701-24-000097

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