Robert J. Chumley - 05 May 2023 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Role: SVP, Chief Digital Officer
Signature: /s/ Gregory L. Smith, attorney-in-fact
Issuer symbol: MUSA
Transactions as of: 05 May 2023
Net transactions value: -$1,120,822
Form type: 4
Filing time: 09 May 2023, 16:50:33 UTC
Previous filing: 03 Mar 2023
Next filing: 22 May 2023
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	$0	+6,700	+137%	$0.000000	11,576	05 May 2023	Direct
transaction	MUSA	Common Stock	Tax liability	$1,119,944	-3,837	-33%	$291.88	7,739	05 May 2023	Direct	F1
transaction	MUSA	Common Stock	Sale	$878	-3	-0.04%	$292.75	7,736	08 May 2023	Direct

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	-6,700	-100%	$0.000000^*	0	05 May 2023	Common Stock	6,700	$65.75	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 options. These shares were withheld by the Company for payment to the exercise price and applicable taxes, using the closing price on May 05, 2023 of $291.88.
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.