Form 4: Murphy USA Director Holliger Fred L. Reports Accrual of Dividend Equivalent Units
SEC Form 4 Filing
Director Fred L. Holliger reports the accrual of dividend equivalent units related to restricted stock units.
Summary
- Fred L. Holliger, a director of Murphy USA Inc., reported the accrual of dividend equivalent units on outstanding restricted stock units (RSUs).
- The transactions occurred on March 7, 2024.
- 0.81 dividend equivalent units were accrued related to RSUs granted on February 10, 2022.
- 0.151 dividend equivalent units were accrued related to RSUs granted on February 14, 2024.
- Each dividend equivalent unit represents the right to receive one share of common stock, subject to the terms and conditions of the corresponding RSUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects ongoing accrual of dividend equivalents on previously granted equity awards.
Stakeholder Impact
- The accrual of dividend equivalent units has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Date of RSU grant related to the accrual of 0.81 dividend equivalent units. |
| 02/14/2024 | Date of RSU grant related to the accrual of 0.151 dividend equivalent units. |
| 03/07/2024 | Date of transaction: Accrual of dividend equivalent units. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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