McPhail James 4

What Happened James McPhail, Senior Vice President of Asset Development at Murphy USA (MUSA), was granted a total of 3,673 derivative equity units (awards) on February 11, 2026. The Form 4 reports four separate grant entries (961; 582; 291; 1,839 units), each recorded at $0.00 because these are non-cash, equity-based awards (derivative securities) rather than open-market purchases. These awards are compensation, not immediate stock purchases or sales.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely filing).
• Grant breakdown: 961, 582, 291 and 1,839 units, totaling 3,673 units.
• Price reported: $0.00 (derivative awards — no cash paid at grant).
• Shares owned after transaction: Not specified in the Form 4.
• Footnotes summary:
  • F1: Awards granted under the 2023 Omnibus Incentive Plan.
  • F2: Some awards vest in two equal installments — half vest two years after grant, the remainder three years after grant.
  • F3: These securities generally do not carry a conversion price, exercisable date, or expiration (typical of RSUs/units).
  • F4: Certain awards include accrued dividend equivalent units related to the underlying RSUs.

Context These awards are compensation-based, meaning McPhail did not buy shares; the units will typically convert to common stock (or cash) if and when they vest under the stated schedule. Such grants are routine for executive compensation and do not by themselves signal buying or selling intent.