Jeanne Linder Phillips - Feb 6, 2023 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Role: Director
Signature: /s/ Gregory L. Smith, attorney-in-fact
Stock symbol: MUSA
Transactions as of: Feb 6, 2023
Transactions value $: -$230
Form type: 4
Date filed: 2/8/2023, 03:42 PM
Previous filing: Dec 5, 2022
Next filing: Feb 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUSA	Common Stock	Options Exercise	$0	+1.22K	+58.19%	$0.00	3.31K	Feb 6, 2023	Direct	F1
transaction	MUSA	Common Stock	Options Exercise	$0	+16.9	+0.51%	$0.00	3.33K	Feb 6, 2023	Direct	F1
transaction	MUSA	Common Stock	Disposed to Issuer	-$230	-0.942	-0.03%	$244.68	3.33K	Feb 6, 2023	Direct	F1

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	Restricted Stock Unit	Options Exercise	$0	-1.22K	-39.51%	$0.00	1.87K	Feb 6, 2023	Common Stock	1.22K		Direct	F2, F3
transaction	MUSA	Dividend Equivalent Units	Options Exercise	$0	-16.9	-100.01%	$0.00^*	0	Feb 6, 2023	Common Stock	16.9		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents Restricted Stock Units ("RSUs") and corresponding dividend equivalents accrued thereon granted to the Reporting Person under the 2013 Stock Plan for Non-Employee Directors (the "Plan") that have vested and settled in shares of the Company's stock on a one-for-one basis, except for fractional dividend equivalents which have been settled in cash.
F2	Represents Restricted Stock Unit Award granted under the 2013 Stock Plan for Non-employee Directors that have vested according to Plan.
F3	These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
F4	Reflects dividend equivalent units accrued on RSUs 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 RSUs. Any fractional dividend equivalent units will be settled in cash.