Taylor Jack T 4
Research Summary
AI-generated summary
Murphy USA (MUSA) Director Jack T. Taylor Receives 68 RSUs
What Happened
- Jack T. Taylor, a director of Murphy USA (MUSA), was granted 68.033 restricted stock units (RSUs) on March 31, 2026. The transaction is reported as an award/acquisition of derivative securities at $0.00 per unit (no cash paid). These RSUs were issued in lieu of the director’s quarterly cash retainer and are reported as fully vested units.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02.
- Amount: 68.033 RSUs; reported price per unit: $0.00 (derivative award).
- Post-transaction ownership: not specified in the provided filing.
- Footnotes: award under the 2023 Omnibus Incentive Plan; securities generally have no conversion price, exercisable date, or expiration (F1, F2). These RSUs are fully vested and were issued instead of cash retainer payments; the reporting person elected to defer settlement (and dividend equivalent units) until termination of Board service (F3, F4).
- Filing timeliness: reported on Apr 2, 2026 for a Mar 31, 2026 grant; no late-filing notation in the filing provided.
Context
- These RSUs are compensation (derivative securities) rather than an open-market purchase or sale, so they reflect pay, not a direct buy/sell signal. Because the reporting person elected to defer settlement, the underlying shares (and accrued dividend equivalents) will be delivered only upon the director’s termination of service per the deferral election.