Murphy USA Grants New CEO Mindy West Enhanced Severance Protection Agreement

Reuters12-16

Murphy USA Grants New CEO Mindy West Enhanced Severance Protection Agreement

Murphy USA Inc. has announced new compensation terms for Mindy K. West, who will become Chief Executive Officer effective January 1, 2026. Under a Severance Protection Agreement entered into on December 11, 2025, West will be entitled, in the event of termination without cause or for good reason within 24 months following a change in control, to a lump sum cash payment equal to two times the sum of her annual base salary and target annual cash bonus, as well as continued health, dependent life, and accident benefit coverage for 24 months. The agreement also includes non-competition and non-solicitation restrictions for 12 months post-termination and perpetual confidentiality obligations. The agreement takes effect January 1, 2026, and will continue for five years with automatic annual renewals unless either party gives notice of non-renewal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Murphy USA Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001573516-25-000089), on December 15, 2025, and is solely responsible for the information contained therein.

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West, who will become Chief Executive Officer effective January 1, 2026. Under a Severance Protection Agreement entered into on December 11, 2025, West will be entitled, in the event of termination without cause or for good reason within 24 months following a change in control, to a lump sum cash payment equal to two times the sum of her annual base salary and target annual cash bonus, as well as continued health, dependent life, and accident benefit coverage for 24 months. The agreement also includes non-competition and non-solicitation restrictions for 12 months post-termination and perpetual confidentiality obligations. 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West, who will become Chief Executive Officer effective January 1, 2026. Under a Severance Protection Agreement entered into on December 11, 2025, West will be entitled, in the event of termination without cause or for good reason within 24 months following a change in control, to a lump sum cash payment equal to two times the sum of her annual base salary and target annual cash bonus, as well as continued health, dependent life, and accident benefit coverage for 24 months. The agreement also includes non-competition and non-solicitation restrictions for 12 months post-termination and perpetual confidentiality obligations. 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Under a Severance Protection Agreement entered into on December 11, 2025, West will be entitled, in the event of termination without cause or for good reason within 24 months following a change in control, to a lump sum cash payment equal to two times the sum of her annual base salary and target annual cash bonus, as well as continued health, dependent life, and accident benefit coverage for 24 months. The agreement also includes non-competition and non-solicitation restrictions for 12 months post-termination and perpetual confidentiality obligations. The agreement takes effect January 1, 2026, and will continue for five years with automatic annual renewals unless either party gives notice of non-renewal.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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