Phillips Jeanne Linder 4

What Happened

• Jeanne Phillips Linder, a director of Murphy USA (MUSA), was awarded 421 restricted stock units (RSUs) on 2026-02-12 that vested and settled into shares. On 2026-02-13 the filing shows conversion/exercise of 349 derivative units into shares and the disposal of those same 349 shares. All transactions are reported at $0.00 per share in the filing (derivative/award reporting).

Key Details

• Dates and codes: 2026-02-12 — Grant/Award (A) of 421 RSUs @ $0.00 (acquired); 2026-02-13 — Exercise/Conversion (M) of 349 shares @ $0.00 (acquired) and same date 349 shares @ $0.00 (disposed).
• Net change: +72 shares (421 acquired minus 349 disposed). Filing does not state total shares owned after the transactions.
• Footnotes: F1 = RSUs and accrued dividend equivalents vested and settled one-for-one into shares (fractional dividend equivalents settled in cash). F2 = Award under the 2023 Omnibus Incentive Plan. F3 = These securities generally lack a conversion price/exercisable/expiration date. F4 = Includes dividend equivalent units.
• Timeliness: Form 4 filed 2026-02-17 for transactions on 2026-02-12 and 02-13; the filing appears late under Section 16 reporting deadlines.

Context

• These transactions are primarily an award/settlement of RSUs with a partial conversion and immediate disposal of converted shares. The filing shows the conversion and disposal but does not state reasons (e.g., tax withholding or sale) or any 10b5-1 plan. Such award-and-partial-disposition patterns are common for executive/director equity settlements and do not, by themselves, indicate a change in sentiment.