Malynda K. West - Feb 9, 2022 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Role
EVP, Fuels, CFO & Treasurer
Signature
/s/ Gregory L. Smith, attorney-in-fact
Stock symbol
MUSA
Transactions as of
Feb 9, 2022
Transactions value $
$26,452
Form type
4
Date filed
2/11/2022, 03:52 PM
Previous filing
Feb 8, 2022
Next filing
Mar 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MUSA Common Stock Options Exercise $0 +12.9K +15.35% $0.00 97K Feb 9, 2022 Direct F1
transaction MUSA Common Stock Tax liability -$988K -5.45K -5.62% $181.18 91.6K Feb 9, 2022 Direct F2
holding MUSA Common Stock 776 Feb 9, 2022 401(k) 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 Award $1.01M +5.6K $181.18 5.6K Feb 9, 2022 Common Stock 5.6K $181.18 Direct F3
transaction MUSA Restricted Stock Unit Award $0 +1.55K +9.07% $0.00 18.6K Feb 9, 2022 Common Stock 1.55K Direct F4, F6
transaction MUSA Performance Stock Unit Award $0 +3.1K +19.5% $0.00 19K Feb 9, 2022 Common Stock 3.1K Direct F4, F6
transaction MUSA Performance Stock Unit Options Exercise $0 -6.4K -33.68% $0.00 12.6K Feb 9, 2022 Common Stock 6.4K Direct F4, F6
transaction MUSA Dividend Equivalent Units Options Exercise $0 -56 -100% $0.00* 0 Feb 9, 2022 Common Stock 56 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance-based restricted stock units ("PSUs") and corresponding dividend equivalents accrued to the Reporting Person, under the 2013 Long Term Incentive Plan (the "Plan") that have vested and settled in shares of the Company's stock. Pursuant to the terms of the PSUs the total includes 200% of the original award.
F2 Shares withheld for taxes on PSU vesting.
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.
F4 Award granted under the 2013 Long-term Incentive Plan.
F5 Reflects dividend equivalent units accrued on PSUs granted to the Reporting Person under the Plan. Each dividend equivalent unit reflects the right to receive common stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU.
F6 These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.