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Murphy USA (MUSA) director granted RSUs in lieu of quarterly cash retainer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Phillips Jeanne Linder reported acquisition or exercise transactions in this Form 4 filing.

Murphy USA Inc. director Jeanne Linder Phillips received a grant of 47.742 Restricted Stock Units on Common Stock as a compensation award. These fully-vested RSUs were issued in lieu of her quarterly cash retainer under the 2023 Omnibus Incentive Plan.

After this grant, she holds a total of 427.766 RSUs, including dividend equivalent units. Settlement of the RSUs and related dividend equivalents has been deferred until her termination of service from the Board, in line with her deferral election.

Positive

  • None.

Negative

  • None.
Insider Phillips Jeanne Linder
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 47.742 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 427.766 shares (Direct, null)
Footnotes (1)
  1. Award granted under the 2023 Omnibus Incentive Plan. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date. Represent fully-vested RSUs issued in lieu of the reporting person's quarterly cash retainer(s). The reporting person has elected to defer settlement of RSUs and accrued dividend equivalent units thereon to the reporting person's termination of service from the Board, in accordance with their deferral election form. Includes dividend equivalent units accrued with respect to the underlying RSUs.
RSU grant size 47.742 RSUs Award granted on 2026-06-30
Total RSUs after grant 427.766 RSUs Holdings following reported transaction
RSU grant price $0.0000 per unit Compensation award, not open-market purchase
Underlying common shares 47.742 shares Common stock underlying newly granted RSUs
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit" and underlying_security_title: "Common Stock""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2023 Omnibus Incentive Plan financial
"Award granted under the 2023 Omnibus Incentive Plan."
dividend equivalent units financial
"Includes dividend equivalent units accrued with respect to the underlying RSUs."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
deferral election financial
"in accordance with their deferral election form."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Phillips Jeanne Linder
(Last)(First)(Middle)
200 PEACH ST
(Street)
EL DORADO ARKANSAS 71730
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Murphy USA Inc. [ MUSA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)(2)06/30/2026A47.742(1) (2)(3) (2)(3)Common Stock47.742$0427.766(3)(4)D
Explanation of Responses:
1. Award granted under the 2023 Omnibus Incentive Plan.
2. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
3. Represent fully-vested RSUs issued in lieu of the reporting person's quarterly cash retainer(s). The reporting person has elected to defer settlement of RSUs and accrued dividend equivalent units thereon to the reporting person's termination of service from the Board, in accordance with their deferral election form.
4. Includes dividend equivalent units accrued with respect to the underlying RSUs.
/s/ Gregory L. Smith, attorney-in-fact07/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Murphy USA (MUSA) report for Jeanne Linder Phillips?

Murphy USA reported that director Jeanne Linder Phillips received 47.742 Restricted Stock Units as a grant. These RSUs were awarded in lieu of her quarterly cash retainer, providing equity-based compensation tied to Murphy USA’s common stock instead of a standard cash payment.

How many Restricted Stock Units does Jeanne Linder Phillips hold after this Murphy USA Form 4?

Following the latest award, Jeanne Linder Phillips holds 427.766 Restricted Stock Units. This total includes the newly granted 47.742 RSUs and dividend equivalent units that accrue on the underlying RSUs, reflecting her accumulated equity-based board compensation.

What is the nature of the RSU award reported by Murphy USA (MUSA)?

The RSU award is a fully-vested grant issued under Murphy USA’s 2023 Omnibus Incentive Plan. It was granted in lieu of the director’s quarterly cash retainer, effectively converting cash compensation into stock-based units linked to Murphy USA common shares.

When will Jeanne Linder Phillips receive shares for her Murphy USA RSUs?

Settlement of Jeanne Linder Phillips’ RSUs, and related dividend equivalent units, is deferred until her termination of service from the Board. This timing reflects her deferral election, meaning she will receive the underlying shares only after leaving board service.

Do the Murphy USA RSUs granted to Jeanne Linder Phillips have an exercise or expiration date?

The filing explains that these securities generally do not carry a conversion price, exercisable date, or expiration date. As Restricted Stock Units, they represent a right to receive Murphy USA common stock in the future, rather than options requiring exercise.