Thread regarding Phillips 66 layoffs

Saucy CFO

Ol’ Saucy just sold -$4,000,000 worth of P66 stock.
If BT is so wonderful and the stock has so much upside, why would he sell now?
Is a beautiful Spanish villa in his future?

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| 1291 views | | 5 replies (last August 27, 2024) | Reply
Post ID: @OP+1u6ukCmk

5 replies (most recent on top)

Read the bottom of the SEC disclosure - the sale was required as part of his divorce. His ex wife gets to keep the after-tax proceeds. Good for her, I say!

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Post ID: @7jxs+1u6ukCmk

That’s what she said. And he’s still employed. #Ethics

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Post ID: @qqs+1u6ukCmk

Divorce lawyers and alimony are expensive!

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Post ID: @gjg+1u6ukCmk

No it appears the ex is buying the villa.

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Post ID: @juk+1u6ukCmk

Simply prepositioning he/hims tax strategy ahead of the election?

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Post ID: @hyb+1u6ukCmk

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