Form 4: Murphy USA Executive Acquires Dividend Equivalent Units
SEC Form 4 Filing
Christopher A. Click, EVP at Murphy USA, reports the acquisition of dividend equivalent units related to previously granted RSUs.
Summary
- On June 3, 2024, Christopher A. Click, EVP at Murphy USA Inc., acquired dividend equivalent units related to previously granted Restricted Stock Units (RSUs).
- These units were accrued under the 2013 Long-Term Incentive Plan and the 2023 Omnibus Plan.
- The acquisitions include 0.702 units related to RSUs granted on February 9, 2022, resulting in a total of 8.491 units.
- Additionally, 0.548 units were acquired related to RSUs granted on February 8, 2023, resulting in a total of 3.891 units.
- Finally, 0.546 units were acquired related to RSUs granted on February 15, 2024, resulting in a total of 1.107 units.
- Each dividend equivalent unit represents the right to receive common stock, subject to the terms and conditions of the corresponding RSUs.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing executive compensation. It is neutral in tone and reflects standard business practices.
Positives
- The acquisition of dividend equivalent units reflects continued alignment of executive compensation with shareholder value.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/09/2022 | Date of RSU grant related to dividend equivalent units acquired. |
| 02/08/2023 | Date of RSU grant related to dividend equivalent units acquired. |
| 02/15/2024 | Date of RSU grant related to dividend equivalent units acquired. |
| 06/03/2024 | Date of transaction: Acquisition of dividend equivalent units. |
| 06/05/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.