Murphy USA (MUSA) Director David B. Miller Receives 54.95 RSUs

What Happened
David B. Miller, a director of Murphy USA Inc. (MUSA), received a grant of 54.95 restricted stock units (RSUs) on March 31, 2026. The RSUs were awarded at $0.00 per share (i.e., no cash purchase); the filing records the transaction as a derivative award with a reported value of $0. These RSUs are fully vested shares issued in lieu of Miller’s quarterly cash retainer.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02. No late filing indicated in this report.
• Security: 54.95 RSUs (derivative award) at $0.00 per share.
• Shares owned after transaction: not specified in this filing.
• Footnotes: award made under the 2023 Omnibus Incentive Plan; these securities have no conversion/exercise/expiration terms; the RSUs are fully vested, issued in lieu of quarterly cash retainers, and settlement (including accrued dividend-equivalent units) has been deferred until the director’s termination of board service.
• Transaction type code: A (award/grant).

Context
RSUs are a form of equity compensation. Fully vested RSUs mean the director has earned the units, but because Miller elected to defer settlement, he won’t receive the underlying shares (or cash value) until he leaves the Board. This award reflects routine director compensation rather than an open-market purchase or sale and should not be interpreted alone as a buy/sell signal.