Phillips Jeanne Linder 4

What Happened
Jeanne Linder Phillips, a director of Murphy USA (MUSA), received a grant of 54.95 restricted stock units (RSUs) on 2026-03-31. The filing reports the units as a derivative award with a reported price of $0.00 (A = award/grant). These RSUs were issued in lieu of the director's quarterly cash retainer and are fully vested, but settlement has been deferred per the director's election.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (filed within the Form 4 two-business-day window).
• Amount: 54.95 RSUs; price reported: $0.00 (derivative award). No dollar value is listed in the filing.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: Award under the 2023 Omnibus Incentive Plan; securities have no conversion/exercise/expiration dates; RSUs represent fully-vested units issued in lieu of quarterly cash retainers; settlement deferred to termination of Board service; includes accrued dividend equivalent units.

Context
These were not a purchase or sale but a compensation award (RSUs) converted from cash retainer. Because settlement is deferred, the RSUs do not immediately convert to marketable shares; dividend equivalents are included. Such awards reflect compensation practices and do not by themselves signal a buy/sell decision by the director.