Phillips Jeanne Linder 4

What Happened Jeanne Linder Phillips, a director of Murphy USA Inc. (MUSA), was granted 47.742 restricted stock units (RSUs) on 2026-06-30. The Form 4 lists the acquisition as a derivative award at $0.00 per unit (total reported value $0) under the company's 2023 Omnibus Incentive Plan. These RSUs were issued in lieu of her quarterly cash retainer and are fully vested, but Phillips has elected to defer settlement until she leaves the Board.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-01 (timely filing).
• Grant: 47.742 RSUs reported as derivative awards at $0.00 per unit.
• Plan/footnotes: Award under 2023 Omnibus Incentive Plan (F1). RSUs carry no conversion price, exercisable date, or expiration date (F2). Represent fully‑vested RSUs issued in lieu of quarterly cash retainer; settlement deferred to termination of Board service (F3). Includes accrued dividend equivalent units (F4).
• Shares owned after transaction: Not specified in the filing.

Context This was a grant of fully‑vested RSUs (not a market purchase or sale). Because Phillips deferred settlement, no shares were delivered or sold at grant — the units will convert to shares (or cash, per plan terms) at her termination per her deferral election. Grants issued in lieu of cash retainer and deferred RSUs are common director compensation and do not by themselves indicate a buy or sell signal.