R. Andrew Clyde - 21 Aug 2023 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Role
President & CEO, Director
Signature
/s/ Gregory L. Smith, attorney-in-fact
Issuer symbol
MUSA
Transactions as of
21 Aug 2023
Net transactions value
-$19,552,420
Form type
4
Filing time
23 Aug 2023, 16:31:31 UTC
Previous filing
05 Jun 2023
Next filing
25 Aug 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 +38,400 +17% $0.000000 267,172 21 Aug 2023 Direct
transaction MUSA Common Stock Tax liability $6,886,907 -21,728 -8.1% $316.96 245,444 21 Aug 2023 Direct F1
transaction MUSA Common Stock Sale $5,964,482 -18,971 -7.7% $314.40 226,473 21 Aug 2023 Direct
transaction MUSA Common Stock Sale $6,701,031 -21,571 -9.5% $310.65 204,902 22 Aug 2023 Direct
holding MUSA Common Stock 1,522 21 Aug 2023 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 Options Exercise $0 -38,400 -100% $0.000000* 0 21 Aug 2023 Common Stock 38,400 $71.00 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 of the exercise price and applicable taxes using the closing price on August 18, 2023 of $316.96.
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.