Murphy USA (MUSA) director Jack T. Taylor granted additional RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Jack T reported acquisition or exercise transactions in this Form 4 filing.
Murphy USA Inc. director Jack T. Taylor received a grant of 59.109 Restricted Stock Units as compensation under the 2023 Omnibus Incentive Plan. These fully-vested RSUs were issued instead of his quarterly cash retainer and will be settled after his Board service ends, with units including accrued dividend equivalents. Following this award, he holds 1,115.794 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Jack T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 59.109 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,115.794 shares (Direct, null)
Footnotes (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.
Key Figures
RSUs granted: 59.109 RSUs
RSUs held after grant: 1,115.794 RSUs
Grant price per unit: $0.0000 per unit
+1 more
4 metrics
RSUs granted
59.109 RSUs
Grant on 2026-06-30 under 2023 Omnibus Incentive Plan
RSUs held after grant
1,115.794 RSUs
Total direct RSU holdings following the transaction
Grant price per unit
$0.0000 per unit
Compensation award, not an open-market purchase
Underlying common shares
59.109 shares
Common stock underlying the RSU grant
Key Terms
Restricted Stock Unit, 2023 Omnibus Incentive Plan, dividend equivalent units, deferral election form
4 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
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 form financial
"in accordance with their deferral election form."
FAQ
What did Murphy USA (MUSA) director Jack T. Taylor report in this Form 4?
Jack T. Taylor reported receiving 59.109 Restricted Stock Units as a compensation award. The RSUs were granted under Murphy USA’s 2023 Omnibus Incentive Plan, issued instead of his quarterly cash retainer for Board service and fully vested at grant.
How many Murphy USA (MUSA) RSUs does Jack T. Taylor hold after this transaction?
After the reported award, Jack T. Taylor holds 1,115.794 Restricted Stock Units. This total reflects the newly granted 59.109 RSUs plus previously held units, including additional dividend equivalent units accrued on the underlying RSU balance over time.
What is the nature of the RSU award reported by Murphy USA (MUSA) director Taylor?
The award is a fully-vested Restricted Stock Unit grant of 59.109 units. It was issued in lieu of Taylor’s quarterly cash retainer for Board service, functioning as stock-based compensation rather than a cash payment at the time of grant.
Do the Murphy USA (MUSA) RSUs granted to Jack T. Taylor have a conversion price or expiration date?
The filing notes these RSUs generally do not carry a conversion price, exercisable date, or expiration date. They are deferred stock units that will be settled in common shares upon Taylor’s termination of Board service, subject to his deferral election terms.
What are dividend equivalent units in Jack T. Taylor’s Murphy USA (MUSA) RSU holdings?
Dividend equivalent units represent additional RSUs credited when dividends are paid on Murphy USA common stock. Taylor’s reported balance includes these accrued units, which track dividends on the underlying RSUs and increase the total units to be settled later.