Donald R. Smith Jr. - 11 May 2021 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Role: VP & Corporate Controller
Signature: /s/ Gregory L. Smith, attorney-in-fact
Issuer symbol: MUSA
Transactions as of: 11 May 2021
Net transactions value: -$276,422
Form type: 4
Filing time: 13 May 2021, 16:37:20 UTC
Next filing: 03 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUSA	Common Stock	Options Exercise	$195,063	+3,300	+21%	$59.11^*	19,385	11 May 2021	Direct
transaction	MUSA	Common Stock	Tax liability	$278,941	-1,949	-10%	$143.12	17,436	11 May 2021	Direct	F1
transaction	MUSA	Common Stock	Sale	$192,545	-1,351	-7.7%	$142.52	16,085	11 May 2021	Direct
holding	MUSA	Common Stock						551	11 May 2021	Trustee of Company Thrift Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MUSA	Stock Option	Options Exercise	$0	-3,300	-100%	$0.000000^*	0	11 May 2021	Common Stock	3,300	$59.11	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a net exercise of outstanding stock option. These shares were withheld by the company for payment of the exercise price and applicable taxes using the closing price on May 11 of $143.12.
F2	Award granted under the 2013 Long-term Incentive Plan.
F3	The option vests in two equal installments, the first half two years after the grant date and the final half three years after the grant date.