Form 4: Murphy USA Inc. Executive Renee M Bacon Reports Accrual of Dividend Equivalent Units

Renee M Bacon, SVP, Sales & Ops & CMO of Murphy USA Inc., reports the accrual 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 on March 11, 2024, reporting transactions related to dividend equivalent units.
• The transactions involve the accrual of dividend equivalent units on Restricted Stock Units (RSUs) previously granted to Bacon.
• These dividend equivalent units reflect the right to receive common stock, subject to the terms and conditions of the corresponding RSUs.
• The accruals occurred on March 7, 2024, and relate to RSUs granted on February 9, 2022 (0.721 units), February 8, 2023 (0.615 units), and February 14, 2024 (0.459 units).
• Following these transactions, Bacon directly owns 7.789, 3.647, and 0.459 dividend equivalent units related to the respective RSU grants.

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. The accrual of dividend equivalent units is a common feature of RSU grants.

Stakeholder Impact

• The accrual of dividend equivalent units impacts the executive's compensation and aligns their interests with shareholders.

Key Dates