Form 4: Murphy USA Director Robert Madison Murphy Reports Accrual of Dividend Equivalent Units
SEC Form 4 Filing
Director Robert Madison Murphy reports the accrual of dividend equivalent units related to restricted stock units.
Summary
- Robert Madison Murphy, a director of Murphy USA Inc., reported the accrual of dividend equivalent units on June 3, 2024.
- These units are associated with restricted stock units (RSUs) granted under the 2013 Stock Plan for Non-employee Directors and the 2023 Omnibus Plan.
- Specifically, 0.788 dividend equivalent units were accrued related to RSUs granted on February 10, 2022, and 0.441 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 reported transactions, Murphy directly owns 9.533 dividend equivalent units.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The accrual of dividend equivalent units has a minor impact on shareholders as it reflects ongoing compensation for a director.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Date of RSU grant related to dividend equivalent units. |
| 02/15/2024 | Date of RSU grant related to dividend equivalent units. |
| 06/03/2024 | Date of transaction: Accrual of dividend equivalent units. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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