MURPHY ROBERT MADISON 4

What Happened Robert M. Murphy, a director of Murphy USA (MUSA), was the subject of an SEC Form 4 reporting awards and conversions of equity awards. The filing shows a 2026-02-12 award of 421 restricted stock units (RSUs, reported as a derivative) and on 2026-02-13 conversion/exercise activity for 349 shares that were subsequently disposed (sold) the same day. The filing reports $0.00 as the price for these derivative transactions (RSUs/settlement), with no cash proceeds reported on the form.

Key Details

• Transactions: 2026-02-12 — Award/Grant (code A): 421 RSU shares acquired (derivative). 2026-02-13 — Exercise/Conversion (code M): 349 shares acquired and 349 shares disposed (derivative).
• Reported price/value: $0.00 for the derivative entries in the filing (RSUs settled/converted); no sale proceeds or market prices are listed in the Form 4.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 = RSUs and dividend equivalents that vested and settled 1-for-1 in shares (fractional dividend equivalents settled in cash). F2 = Award under the 2023 Omnibus Incentive Plan. F3 = These securities generally have no conversion price, exercisable date, or expiration date.
• Filing timeliness: Report covers period 2026-02-12 and was filed 2026-02-17 — no late filing flag indicated.

Context

• These entries reflect RSU activity (award and subsequent conversion/settlement). The M-coded conversion and the immediate disposal of 349 shares indicate shares were converted/issued and then sold the same day; filings of this type commonly reflect tax-withholding or sell-to-cover behavior rather than a standalone investment decision.
• Sales (disposals) are generally less informative about insider sentiment than purchases. No cash amounts or market sale prices are provided in the filing, so the monetary value of the disposed shares cannot be determined from this report alone.