Name
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Age
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Principal
Occupation
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Director
Since
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Shares
Owned(a)
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Percent
of Class
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Mindy West
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53 |
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Executive Vice President, Chief
Financial Officer and Treasurer
Murphy USA Inc.
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2017 |
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10,829 |
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*
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*
The shares beneficially owned represent less than 1% of the outstanding common shares.
(a)
“Beneficial ownership” of a security means, directly or indirectly, through any contract, relationship, arrangement, undertaking or otherwise, having or sharing voting power, which includes the power to vote or to direct the voting of such security, or investment power, which includes the power to dispose or to direct the disposition of such security, or the right to acquire beneficial ownership of the security within 60 days (“exercisable stock options”). Unless otherwise indicated, each beneficial owner named has sole voting and investment power with respect to the shares identified.
(b)
Mr. Burchfield owns of record 87,312 shares and 5,550 shares are owned by his wife.
(c)
Mr. Casteel owns of record 146,380 shares; 8,475 shares are owned jointly with his wife; 22,434 shares are held in his fully vested account in the Company’s 401(k) Plan and 5,230 shares are held in his account in the SFNC Employee Stock Purchase Plan.
(d)
Mr. Clark owns of record 19,795 shares and 3,000 shares are owned jointly with his spouse.
(e)
Mr. Cossé owns of record 23,825 shares and 54,632 shares are owned jointly with his spouse.
(f)
Mr. Doramus owns of record 829 shares; 25,727 shares are owned jointly with his spouse; and he has an indirect pecuniary interest in 810 shares held by an LLC.
(g)
Mr. Hunt owns of record 17,218 shares; 2,048 shares are owned jointly with his spouse; 1,000 shares are owned jointly with his daughter; and 832 shares are held in his IRA.
(h)
Mr. Makris owns of record 216,827 shares; 286,116 shares are held jointly with his spouse; 9,270 shares are held in his IRA; 10,990 shares are held in his wife’s IRA, 12,000 shares held in a trust for his benefit, 1,016 shares were held in his account in the Company’s 401(k) Plan; 5,778 shares were held in his account in the SFNC Employee Stock Purchase Plan and 178,730 shares were deemed held through exercisable stock options.
(i)
Mr. Shoptaw owns of record 26,411 shares; 36,000 shares are held jointly with his spouse; and 4,800 shares are held in his IRA.
(j)
Mr. Teubner owns of record 9,363 shares; 64,572 shares are held in his IRA; 8,044 shares are held in a charitable remainder trust; 2,478 shares are held in his wife’s IRA; and 19,904 shares are held by Mr. Teubner’s foundation.
Committees and Related Matters
During 2021, the Board maintained and utilized the following committees: Executive Committee, Audit Committee, Compensation Committee, NCGC and Risk Committee.
During 2021, the Audit Committee was composed of Robert L. Shoptaw (Chairman), Jay D. Burchfield, Steve Cossé, Edward Drilling, Eugene Hunt, Jerry Hunter, Scott McGeorge, Julie Stackhouse (effective March 2021) and Mindy West. The Board has determined that Messrs. Shoptaw and Cossé, along with Mrs. West, constitute financial experts on the Audit Committee. This committee provides assistance to the Board in fulfilling its responsibilities concerning accounting and reporting practices by regularly reviewing the adequacy of the internal and external auditors, the disclosure of the financial affairs of the Company and its subsidiaries, the control systems of management and internal accounting controls. During 2021, this committee met 9 times.
The Compensation Committee, which was composed of Jay Burchfield, (Chairman), Steve Cossé, Jerry Hunter, Susan Lanigan, Scott McGeorge, Robert L. Shoptaw, and Mindy West, met 9 times during 2021.
The NCGC, which was composed of Susan Lanigan (Chairman), Steve Cossé, Jerry Hunter, Robert L. Shoptaw, and Mindy West, met 5 times during 2021.