Murphy USA SVP exercises options, sells shares
Murphy USA SVP and Chief Retail Officer Renee M. Bacon exercised 2,600 stock options for Common Stock at a conversion price of $181.18 per share on May 26, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Murphy USA SVP and Chief Retail Officer Renee M. Bacon exercised 2,600 stock options for Common Stock at a conversion price of $181.18 per share on May 26, 2026. The transaction was structured as a net exercise, with shares delivered to cover the exercise price and taxes using the $542.74 closing price.
On May 27, 2026, Bacon sold 1,050 Common Stock shares in an open-market transaction at $529.44 per share under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, she directly holds 3,083.3 Murphy USA shares.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Bacon Renee M
Role
SVP, Chief Retail Officer
Sold
1,050 shs ($556K)
Approx. gross sale proceeds
$556K
Approx. exercise cost
$471K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,050 | $529.44 | $556K |
| Exercise | Stock Option | 2,600 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,600 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,550 | $542.74 | $841K |
Holdings After Transaction:
Stock Option — 0 contracts (Direct);
Common Stock — 3,083.3 shares (Direct)
Footnotes (4)
- F1. The option exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 23, 2026.
- F2. Represents a net exercise of outstanding stock option. These shares were withheld by the company for payment of the exercise price and applicable taxes using the closing price on May 25, 2026 of $542.74.
- F3. Award granted under the 2013 Long-term Incentive Plan.
- F4. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
Key Figures
Open-market sale: 1,050 shares at $529.44/share
Options exercised: 2,600 shares at $181.18/share
Tax-withholding shares: 1,550 shares at $542.74/share
+2 more
5 metrics
Open-market sale
1,050 shares at $529.44/share
Common Stock sale on May 27, 2026
Options exercised
2,600 shares at $181.18/share
Stock option exercise into Common Stock on May 26, 2026
Tax-withholding shares
1,550 shares at $542.74/share
Shares withheld to pay exercise price and taxes
Post-transaction holdings
3,083.3 shares
Direct Common Stock ownership after reported transactions
Option expiration
February 9, 2029
Original expiration date of exercised stock option grant
Key Terms
Rule 10b5-1 trading plan, net exercise, stock option, tax-withholding disposition, +1 more
5 terms
Rule 10b5-1 trading plan financial
"were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
net exercise financial
"Represents a net exercise of outstanding stock option. These shares were withheld"
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
stock option financial
"Represents a net exercise of outstanding stock option. These shares were withheld"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Murphy USA (MUSA) executive Renee Bacon report in this Form 4?
Renee M. Bacon reported exercising 2,600 stock options into Murphy USA Common Stock, having 1,550 shares withheld to cover costs, and selling 1,050 shares in an open-market trade. She remains a direct shareholder after these transactions.
How many Murphy USA (MUSA) stock options did Renee Bacon exercise?
She exercised 2,600 stock options for Murphy USA Common Stock with a conversion price of $181.18 per share. The filing notes this as an exercise of a derivative security, fully using that option grant and increasing her common share position before subsequent dispositions.
What portion of Renee Bacon’s Murphy USA (MUSA) transaction involved tax withholding?
The Form 4 shows 1,550 shares treated as a tax-withholding disposition. These shares were withheld by the company to pay the option exercise price and applicable taxes, using Murphy USA’s $542.74 closing price on May 25, 2026 as the reference.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates