West Malynda K 4

What Happened

• Malynda K. West, President & CEO and Director of Murphy USA (MUSA), had time‑based Restricted Stock Units (RSUs) vest and settle into 1,269 common shares on 2026-02-06. The shares were delivered via conversion of the derivative RSU award (no exercise price).
• To cover withholding taxes, 549 of those shares were surrendered/withheld (transaction code F) at a reported per‑share price of $397.42 for a withholding value of $218,184. The gross value of the 1,269 vested shares was about $504,326; net shares delivered to West were 720 shares ($286,142 at the same price). This is a vesting/tax‑withholding event, not an open‑market sale.

Key Details

• Transaction date: 2026-02-06; Form 4 filed 2026-02-09 (filed timely).
• Acquired: 1,269 shares via RSU settlement / derivative conversion (code M) at $0 exercise price.
• Disposed/withheld for taxes: 549 shares (code F) at $397.42 per share; total withholding ≈ $218,184.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1/F3 indicate time‑based RSUs under the 2013 Long‑Term Incentive Plan (vested and settled one‑for‑one) and related dividend equivalents (F5). F2 notes shares were withheld to satisfy taxes. F4 notes these derivative securities carry no conversion price/exercisable/expiration dates.

Context

• This is a routine RSU vesting and tax‑withholding transaction, not a discretionary open‑market sale or purchase. The derivative entry reflects conversion/settlement of RSUs into stock (cashless in effect because shares were withheld to cover taxes).
• Such vesting events are common compensation settlements and should be interpreted as delivery of previously granted compensation rather than a CEO buying or selling shares for investment purposes.