Taylor Jack T 4
Research Summary
AI-generated summary
Murphy USA (MUSA) Director Jack T. Taylor Receives 421 RSU Award
What Happened
Jack T. Taylor, a member of Murphy USA's Board of Directors, received an award of 421 restricted stock units (RSUs) on February 12, 2026. The RSUs were granted at $0.00 (an award, not a purchase) and are reported as derivative securities. This is a compensation grant rather than a market purchase or sale.
Key Details
- Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (reporting the Feb 12 grant).
- Amount: 421 RSUs; reported acquisition price: $0.00 (award).
- Shares owned after transaction: not specified in the provided filing data.
- Footnotes: (F1) granted under the 2023 Omnibus Incentive Plan; (F2) these securities generally lack a conversion price, exercisable date, or expiration; (F3) the reporting person elected to defer settlement of certain RSUs and accrued dividend equivalents until termination of Board service; (F4) includes dividend equivalent units accrued on the underlying RSUs.
- Filing timeliness: filing date is shown; no late-filing status was provided in the supplied data.
Context
RSUs are derivative awards that generally convert into shares (or cash) upon vesting/settlement; a $0.00 grant price indicates a compensation award, not a cash purchase. In this case the director has elected to defer settlement of these RSUs (and related dividend equivalents) until he leaves the Board, per the filing footnotes. Such grants are routine forms of director compensation and do not by themselves indicate a buy or sell signal.