Murphy USA (MUSA) Form 4: CEO Net Option Exercise on Aug 21, 2025
Rhea-AI Filing Summary
Clyde R. Andrew, President & CEO and director of Murphy USA Inc. (MUSA), reported transactions dated 08/21/2025. He effected a net exercise of stock options that resulted in the acquisition of 22,300 common shares, with 12,090 shares withheld by the company to cover the option exercise price and applicable taxes using the 08/20/2025 closing price of $394.23. After these transactions he beneficially owned 155,652.432 shares directly. The report also discloses indirect holdings of 1,529.964 shares through a 401(k) plan and 75,422 shares held by a limited partnership. The filing was signed by an attorney-in-fact on 08/22/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine option exercise by the CEO leaves substantial insider ownership intact; not likely material to valuation.
The filing documents a net exercise of 22,300 options by the CEO resulting in newly acquired common shares and the withholding of 12,090 shares to cover exercise price and taxes at a closing price of $394.23 on 08/20/2025. The direct beneficial ownership after the transaction is 155,652.432 shares, with additional indirect holdings in a 401(k) plan and a limited partnership. This is a standard Section 16 disclosure of compensation-related option activity rather than a market-sale event and does not itself indicate a change in corporate strategy or financial performance.
TL;DR: Properly documented insider exercise with tax-withholding; paperwork appears complete and timely.
The Form 4 shows the exercise was reported promptly and includes the required explanations: net exercise, shares withheld to satisfy tax and exercise obligations, plan-based 401(k) acquisitions, and identification of the award plan. The signature by an attorney-in-fact is included. From a governance perspective this is routine executive compensation realization and the filing meets disclosure expectations under Section 16.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 22,300 | $0.00 | -- |
| Exercise | Common Stock | 22,300 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,090 | $394.23 | $4.77M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents a net exercise of outstanding stock options. These shares were withheld by the company for payment of the exercise price and applicable taxes using the closing price on August 20, 2025 of $394.23. Includes 2.208 shares acquired through the reporting person's 401(k) Plan. The information in this report is based on a plan statement dated August, 22, 2025. Award granted under the 2013 Long-Term Incentive Plan. The option vests in two equal installments, the first half two years after the grant date and the final half three years after the grant date.
