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Legal Mag > Blog > General Counsel > Phillips 66 Topped Off Tank of New GC for Forfeiting Stock at Norfolk Southern
General Counsel

Phillips 66 Topped Off Tank of New GC for Forfeiting Stock at Norfolk Southern

Press Room
Press Room 2 months ago
Updated 2023/04/01 at 12:11 PM
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Phillips 66 legal chief Vanessa Allen Sutherland got a splash of extra octane in her compensation during her first year on the job: $3 million in stock to replace equity she forfeited by leaving Norfolk Southern.

Sutherland received the so-called ”make whole” equity grant when she joined Phillips 66 in January 2022. Including that $3 million, she received equity grants for all of 2022 totaling $5.4 million. That combined with her salary of $718,759, non-equity incentive compensation of $1 million and $600,100 in option awards brought her total 2022 compensation to $7.8 million

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