Taylor Jack T 4
Research Summary
AI-generated summary
Murphy USA (MUSA) Director Jack T. Taylor Receives Award
What Happened
- Jack T. Taylor, a director of Murphy USA (MUSA), received an award of 59.109 restricted stock units (RSUs) on 2026-06-30. The RSUs show an acquisition price of $0.00 on the Form 4 because they are equity awards rather than an open-market purchase or sale. No immediate cash value or sale was reported in this filing.
Key Details
- Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (appears timely).
- Transaction type/code: A — grant/award (derivative securities, RSUs).
- Amount: 59.109 RSUs; reported price: $0.00 (award).
- Shares owned after transaction: Not specified in the filing.
- Footnotes from the filing:
- Award granted under the 2023 Omnibus Incentive Plan.
- These securities generally do not carry a conversion price, exercisable date, or expiration date.
- The RSUs are fully vested and were issued in lieu of quarterly cash retainer(s); Taylor elected to defer settlement of the RSUs and accrued dividend equivalent units until termination of board service.
- Includes dividend equivalent units accrued on the underlying RSUs.
Context
- These are RSU awards (derivative equity), not an open-market purchase or sale. Because Taylor elected to defer settlement, no shares were delivered immediately; value will be realized (if any) when the deferred RSUs are settled per the deferral election.
- Awards issued in lieu of cash retainers are common for non-employee directors and do not necessarily indicate an immediate change in the insider's view of the company.