Form 4: Murphy USA Executive Accumulates Dividend Equivalent Units

Renee M. Bacon, SVP at Murphy USA, reports the acquisition of dividend equivalent units related to previously granted RSUs.

Summary

• Renee M. Bacon, a Senior Vice President at Murphy USA Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report details the acquisition of dividend equivalent units (DEUs) related to restricted stock units (RSUs) granted under the company's long-term incentive plans.
• These DEUs represent the right to receive common stock, subject to the vesting and settlement terms of the corresponding RSUs.
• The transactions occurred on June 3, 2024, and involved DEUs accrued on RSUs granted on February 9, 2022, February 8, 2023, and February 14, 2024.
• Following the reported transactions, Bacon's direct ownership includes 8.491 DEUs related to the 2013 Long-Term Incentive Plan, 4.245 DEUs related to the February 8, 2023 grant, and 0.905 DEUs related to the 2023 Omnibus Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of dividend equivalent units suggests continued alignment of the executive's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates ongoing compensation practices at Murphy USA.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation.

Key Dates