Bartko Eric J. 4

What Happened

• Eric J. Bartko, SVP & Chief Customer Officer of Murphy USA (MUSA), had 153 time‑based RSUs vest and settle into 153 shares on Feb 6, 2026. Of those, 75 shares were withheld to cover taxes at $397.42 per share (75 × $397.42 = $29,807), resulting in a net gain of 78 shares to his holdings.
• The filings show the RSU conversion/exercise reported with a $0.00 conversion price (derivative conversion), and the tax withholding reported as a disposition.

Key Details

• Transaction date: Feb 6, 2026; Form 4 filed Feb 9, 2026 (appears timely — within the 2 business‑day filing window).
• Acquired: 153 shares from vested RSUs (code M, $0.00 per share).
• Disposed (for taxes): 75 shares withheld (code F) at $397.42/share for $29,807.
• Net change: +78 shares (153 settled − 75 withheld).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1/F3 indicate these were time‑based RSUs (plus dividend equivalents per F5) that vested and settled one‑for‑one; F2 confirms shares were withheld for tax; F4 notes these derivative securities generally have no conversion price or expiration.

Context

• This is a routine RSU vesting event rather than an open‑market purchase or a discretionary sale. The withholding of shares for taxes is common and not necessarily a bearish signal — the primary action was receiving company stock via vested awards.
• For retail investors, vesting/settlement increases insider exposure to the stock, while withholding reduces the net shares received to satisfy tax obligations.