Form 4: Murphy USA Director James W. Keyes Reports Accrual of Dividend Equivalent Units
SEC Form 4
Director James W. Keyes reported the accrual of dividend equivalent units related to restricted stock units.
Summary
- On March 7, 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 2023 Omnibus Plan for Non-employee Directors.
- Specifically, 0.81 dividend equivalent units were accrued related to RSUs granted on February 10, 2022, and 0.453 units were accrued related to RSUs granted on February 14, 2024.
- Each dividend equivalent unit represents the right to receive one share of Murphy USA common stock, contingent upon the terms and conditions of the corresponding RSUs.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard director compensation. It doesn't indicate positive or negative performance.
Industry Context
This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.
Stakeholder Impact
- The accrual of dividend equivalent units impacts shareholders by potentially increasing the number of outstanding shares in the future.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Date of RSU grant related to dividend equivalent units. |
| 02/14/2024 | Date of RSU grant related to 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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