Landen Diane N 4

What Happened
Diane N. Landen, a director of Murphy USA (MUSA), received 421 restricted stock units (RSUs) that vested/settled and, on Feb 13, converted (exercised) 349 derivative units into common shares at an exercise/conversion price of $0. The filing also reports a disposition of 349 shares on Feb 13. No cash purchase price was paid for the acquired/converted shares (reported $0), consistent with RSU vesting/settlement.

Key Details

• Transaction types/dates: Award/vesting (A) of 421 RSUs on 2026-02-12; exercise/conversion (M) of 349 units on 2026-02-13 (both acquisition and a matching disposition of 349 shares on 2026-02-13).
• Price: $0.00 reported for acquisitions/conversions (typical for vested RSUs settled into shares).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes: F1 clarifies these were RSUs plus dividend equivalents that vested and settled one-for-one (fractions paid in cash). F2 notes the award was under the 2023 Omnibus Incentive Plan. F3 states these securities generally lack a conversion price, exercisable date, or expiration date.
• Filing timeliness: Report filed 2026-02-17 (period of report 2026-02-12); timing appears consistent with Form 4 deadlines.

Context
This activity reflects equity compensation vesting and conversion rather than a market purchase (a neutral/routine insider event). The filing reports a same-day disposition of 349 shares; the Form 4 does not specify the reason for the disposition (e.g., sale, tax withholding, or transfer), so no inference about insider sentiment should be made.