CHUMLEY ROBERT J 4
4 · Murphy USA Inc. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Murphy USA (MUSA) SVP Robert Chumley Receives Awards, Sells Shares
What Happened
Robert J. Chumley, Senior VP of Innovation at Murphy USA (MUSA), had performance-based and other equity awards vest/convert on Feb 11, 2026. A total of 1,843 shares were acquired on conversion/settlement of derivative awards. To cover tax withholding, 798 shares were surrendered (disposed) at $363.36 per share for total proceeds/withholding of $289,961. Several other award-related entries (grants/conversions) appear the same day, and a separate conversion/disposition of 1,100 derivative shares is listed with no cash value reported.
Key Details
- Transaction date: Feb 11, 2026; Form 4 filed Feb 13, 2026 (appears timely).
- Acquired: 1,843 shares via exercise/conversion/grant at $0.00 reported.
- Withheld/Disposed for taxes: 798 shares at $363.36 each = $289,961 (code F: tax withholding).
- Other entries that day: awards/grants of 1,315; 797; 399; and 1,226 shares (all reported as derivative acquisitions at $0.00) and a 1,100-share exercise/conversion marked disposed with $0 value.
- Shares owned after the transactions: not specified in the provided filing extract.
- Relevant footnotes: F1 indicates performance-based RSUs vested and settled (paid at 165.3% of target plus dividend equivalents); F2 confirms shares withheld for taxes; F3/F7 indicate awards under company incentive plans; F5/F6 note certain derivative features/dividend equivalents; F4 describes typical option vesting schedule.
Context
This was primarily a vesting/settlement event (performance and restricted stock units) with routine tax withholding — not an open-market sale. The F1 note shows the performance-based award paid above target (165.3% of original), which increased the number of shares received. Withholding to satisfy tax obligations is common and does not necessarily indicate a bearish insider signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-11+1,843→ 11,844.228 total - Tax Payment
Common Stock
[F2]2026-02-11$363.36/sh−798$289,961→ 11,046.228 total - Award
Stock Option
[F3][F4]2026-02-11+1,315→ 1,315 totalExercise: $380.92Exp: 2033-02-11→ Common Stock (1,315 underlying) - Award
Performance Stock Unit
[F3][F5]2026-02-11+797→ 3,397 total→ Common Stock (797 underlying) - Award
Restricted Stock Unit
[F3][F5][F6]2026-02-11+399→ 1,154.815 total→ Common Stock (399 underlying) - Award
Restricted Stock Unit
[F3][F5][F6]2026-02-11+1,226→ 2,380.815 total→ Common Stock (1,226 underlying) - Exercise/Conversion
Performance Stock Unit
[F7][F5]2026-02-11−1,100→ 2,297 total→ Common Stock (1,100 underlying)
Footnotes (7)
- [F1]Represents performance-based restricted Stock units that have vested and settled in shares of the Company's stock. Pursuant to the terms of the performance-based grant, the total includes 165.3% of the original award plus shares equivalent in value to accumulated dividends.
- [F2]Shares withheld for taxes on PSU vesting.
- [F3]Award granted under the 2023 Omnibus Incentive Plan.
- [F4]The option vests in two equal installments, the first half two years after the grant date and the final half three years after the grant date.
- [F5]These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
- [F6]Includes dividend equivalent units accrued with respect to the underlying RSUs.
- [F7]Award granted under the 2013 Long-Term Incentive Plan.