Click Christopher A 4

What Happened

• Christopher A. Click, EVP, Strategy, Growth & Innovation at Murphy USA, had 558 time‑based RSUs vest and settle into 558 shares on February 6, 2026. The filing shows 257 of those shares were withheld to satisfy tax withholding obligations, valued at $397.42 per share (total withheld ≈ $102,137). The RSU settlement is reported as an exercise/conversion of a derivative (code M) with $0 exercise price; the withholding is reported as a tax payment (code F).
• This is not an open‑market purchase or a discretionary sale by the insider but a routine vesting/settlement of previously granted RSUs with net share withholding for taxes.

Key Details

• Transaction date: 2026-02-06; filing date (Form 4): 2026-02-09.
• Reported transactions:
  • Exercise/conversion (M): 558 shares acquired at $0.00 (RSU settlement).
  • Tax withholding (F): 257 shares disposed at $397.42 per share for $102,137 (withheld to cover taxes).
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Relevant footnotes from the filing:
  • F1/F3/F5: These were time‑based RSUs (and accrued dividend equivalents) granted under the 2013 Long‑Term Incentive Plan and settled one‑for‑one in shares.
  • F2: The 257 shares were withheld to satisfy tax withholding on RSU vesting.
  • F4: The securities generally do not have a conversion price, exercisable date, or expiration date (typical of RSUs).
• Filing timeliness: Form 4 was filed three calendar days after the transaction date; the filing does not indicate a late filing.

Context

• This is a receipt/settlement of equity awards (RSUs) with net share withholding for taxes (not an open‑market sale). When RSUs vest, companies commonly withhold a portion of shares to cover required payroll/tax obligations; that withholding is reported as a disposal on Form 4 but does not necessarily reflect a voluntary sale by the insider.
• The filing shows no evidence of a separate open‑market sale or purchase by the insider on that date.