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Murphy USA Inc.·4

Feb 13, 5:42 PM ET

Woodward Scott G. 4

Research Summary

AI-generated summary

Updated

Murphy USA (MUSA) SVP Scott Woodward Exercises Awards; Shares Withheld

What Happened

  • Scott G. Woodward, Senior VP of Merchandising at Murphy USA (MUSA), had performance- and grant-based equity convert/vest on Feb 11, 2026. The filing shows he acquired a total of 3,344 shares through conversions/awards (669 + 759 + 460 + 230 + 1,226) and had 297 shares withheld to satisfy tax withholding (treated as a disposition valued at $363.36 per share, ~$107,918). The filing also reports a separate 400-share derivative conversion listed as a disposition at $0.
  • These were not open-market purchases or sales; they reflect awards/derivative settlements (PSUs/RSUs and related units) rather than a buy/sell decision in the market.

Key Details

  • Transaction date: February 11, 2026; Form 4 filed Feb 13, 2026 (timely).
  • Notable amounts: 3,344 shares acquired via awards/conversions; 297 shares withheld for taxes (297 x $363.36 = $107,918 reported); 400 shares shown as a derivative disposition at $0.
  • Transaction codes: M = exercise/conversion of derivative; A = grant/award acquisition; F = payment of exercise price or tax liability (tax withholding).
  • Footnotes of interest:
    • F1: Performance-based RSUs/PSUs vested and settled into shares; payout reflects 165.3% of original award plus dividend equivalents.
    • F2: 297 shares withheld to satisfy tax withholding on PSU vesting.
    • F3/F5/F6: Awards granted under the 2013 LTIP; many of these derivative units do not carry a conversion price/exercise date/expiration and include dividend equivalents.
    • F4: (Where relevant) option vesting details noted for certain awards (half vests after two years, remainder after three).
  • Shares owned after these transactions: not specified in the summary data provided in this request.

Context

  • This appears to be a routine vesting/settlement of performance- and service-based equity awards, with shares withheld to cover taxes (a common cashless-withholding practice). These are derivative settlements, not open-market purchases or discretionary sales, so they generally shouldn't be read as a directional bet by the insider.