Form 4: Murphy USA Inc. Executive Malynda K. West Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
Malynda K. West, EVP, Fuels, CFO & Treasurer of Murphy USA Inc., reports the acquisition of dividend equivalent units related to restricted stock units (RSUs).
Summary
- Malynda K. West, an executive at Murphy USA Inc., filed a Form 4 on March 11, 2024, reporting transactions related to dividend equivalent units.
- The transactions occurred on March 7, 2024, and involved the acquisition of dividend equivalent units accrued on previously granted RSUs.
- Specifically, 1.597 dividend equivalent units were accrued on RSUs granted on February 9, 2022, 1.281 units on RSUs granted on February 8, 2023, and 1.428 units on RSUs granted on February 14, 2024.
- Following these transactions, West directly owns 17.244, 7.598, and 1.428 dividend equivalent units related to the 2022, 2023, and 2024 grants respectively.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports the acquisition of dividend equivalent units, which is a standard part of executive compensation.
Positives
- The acquisition of dividend equivalent units indicates 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 is typical for executives receiving equity-based compensation.
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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