Form 4: Murphy USA Director Landen Reports Accrual of Dividend Equivalent Units
SEC Form 4 Filing
Director Diane N. Landen reports the accrual of dividend equivalent units related to restricted stock units (RSUs) in Murphy USA Inc.
Summary
- On March 7, 2024, Diane N. Landen, a director of Murphy USA Inc. [MUSA], reported the accrual of dividend equivalent units on outstanding restricted stock units (RSUs).
- The report details the accrual of 0.81 dividend equivalent units related to RSUs granted on February 10, 2022, and 0.453 dividend equivalent units related to RSUs granted on February 14, 2024.
- Each dividend equivalent unit represents the right to receive one share of common stock, contingent upon the terms and conditions of the corresponding RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The accrual of dividend equivalent units impacts shareholders by potentially increasing the number of shares outstanding upon vesting of the RSUs.
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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