Form 4: Murphy USA Director James W. Keyes Reports Accrual of Dividend Equivalent Units

Director James W. Keyes reported the accrual of dividend equivalent units related to restricted stock units.

Summary

• On September 5, 2024, James W. Keyes, a director of Murphy USA Inc., reported the accrual of dividend equivalent units.
• These units are associated with restricted stock units (RSUs) granted under the 2013 Stock Plan for Non-employee Directors and the 2023 Omnibus Incentive Plan.
• Specifically, 0.699 dividend equivalent units were accrued related to RSUs granted on February 10, 2022, and 0.391 units were accrued related to RSUs granted on February 15, 2024.
• Each dividend equivalent unit represents the right to receive one share of Murphy USA common stock, subject to the terms and conditions of the corresponding RSUs.
• Following the transaction, Keyes's holdings include 10.232 dividend equivalent units related to the 2013 plan and 1.285 units related to the 2023 plan.

Sentiment

Score: 5

Explanation: This is a neutral report on routine compensation adjustments. It doesn't indicate positive or negative performance.

Industry Context

This filing is a routine disclosure related to director compensation and equity awards, common in publicly traded companies. It reflects ongoing accrual of dividend equivalents on previously granted restricted stock units.

Stakeholder Impact

• The accrual of dividend equivalent units has a minor impact on shareholders, reflecting ongoing compensation arrangements for directors.

Key Dates