Haley David C. 4

What Happened

• David C. Haley, a director of Murphy USA (MUSA), received a grant of 421 restricted stock units (RSUs) that vested and were settled into shares (reported as an acquisition, code A) on 2026-02-12. The filing shows a reported price of $0.00 (typical for RSU settlements) and $0 total value per the Form 4.
• On 2026-02-13 the filing shows a conversion/exercise of 244 derivative shares (code M) and a simultaneous disposition of 244 shares (also reported at $0.00). After accounting for the 421 shares acquired and the 244 shares disposed, Haley’s net increase in shares from these events was 177 shares.

Key Details

• Transaction dates and codes: 2026-02-12 (A — award/grant) 421 RSUs acquired; 2026-02-13 (M — conversion/exercise) 244 shares acquired and 244 shares disposed.
• Reported price/value: all transactions reported at $0.00 on the Form 4 (consistent with RSU settlement mechanics).
• Shares owned after transaction: not disclosed in the excerpt of the filing provided.
• Footnotes: F1 explains these were RSUs and corresponding dividend equivalents that vested and settled one-for-one in shares (fractional dividend equivalents in cash). F2 notes the award was under the 2023 Omnibus Incentive Plan. F3 notes these securities generally do not carry a conversion price, exercisable date, or expiration date.
• Filing timeliness: Form 4 filed 2026-02-17 for transactions on 2026-02-12/13; no late filing flag is indicated.

Context

• RSUs settle to shares rather than being a market purchase; the Form 4 reports $0 because no cash purchase price is paid by the insider at settlement.
• The Form 4 does not state the reason for the 244-share disposition. Dispositions accompanying RSU settlements are commonly used to satisfy tax withholding obligations, but the filing does not explicitly confirm that here.
• This activity is an award/settlement by a director, not a market buy or open-market sale; such awards are routine compensation events rather than direct signals of trading sentiment.