GOEBEL DAVID 4

What Happened
David Goebel, a director of Murphy USA (MUSA), reported RSU-related activity. On 2026-02-12 he received 421 shares as the result of an award/settlement of restricted stock units (RSUs) (acquired at $0). On 2026-02-13 the filing shows a conversion/exercise of 349 derivative units into 349 shares (acquired at $0) and a contemporaneous disposition of 349 derivative units (listed at $0). The reported acquisitions reflect RSU vesting/settlement rather than an open-market purchase; there is also a matching reported disposition for 349 units.

Key Details

• Transaction types/codes: A = award/grant (421 shares, 2026-02-12); M = exercise/conversion (349 shares acquired and 349 shares disposed, both 2026-02-13).
• Reported price/value: $0.00 for the acquisitions and the disposition (consistent with RSU settlement entries).
• Plan/footnotes: Awards granted under the 2023 Omnibus Incentive Plan. Footnotes state these were RSUs and dividend equivalents that vested and settled one-for-one in shares (fractional dividend equivalents paid in cash).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Form 4 filed 2026-02-17 for transactions on 2026-02-12 and 02-13 — the filing appears late (reported as late).

Context

• These entries reflect equity compensation (RSU vesting/settlement and conversion of derivative units), not an open-market purchase or a traditional sale for investment purposes.
• The filing shows a matching conversion and disposition of 349 units on the same date. Filings like this often coincide with share withholding or sell-to-cover for tax obligations, but the Form 4 does not state the reason.
• For retail investors: award/vesting activity is routine compensation-related insider activity and does not by itself indicate the director is buying or selling stock for investment reasons.