Form 4: Murphy USA Inc. Executive Accumulates Dividend Equivalent Units
SEC Form 4 Filing
Robert J. Chumley, SVP and Chief Digital Officer of Murphy USA Inc., reports the acquisition of dividend equivalent units related to previously granted restricted stock units (RSUs).
Summary
- Robert J. Chumley, a Senior Vice President and Chief Digital Officer at Murphy USA Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of dividend equivalent units (DEUs) related to previously granted Restricted Stock Units (RSUs).
- These DEUs accrue on RSUs granted on February 9, 2022, February 8, 2023, and February 14, 2024.
- Specifically, 0.773 DEUs, 0.564 DEUs and 0.459 DEUs were acquired on March 7, 2024, related to the respective RSU grants.
- Each dividend equivalent unit represents the right to receive common stock, subject to the terms and conditions of the corresponding RSU.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
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. |
| 02/08/2023 | 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: Acquisition of dividend equivalent units. |
| 03/11/2024 | Date of Form 4 filing. |
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