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

Role
President & CEO, Director
Signature
/s/ Gregory L. Smith, attorney-in-fact
Stock symbol
MUSA
Transactions as of
Aug 21, 2023
Transactions value $
-$19,552,420
Form type
4
Date filed
8/23/2023, 04:31 PM
Previous filing
Jun 5, 2023
Next filing
Aug 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MUSA Common Stock Options Exercise $0 +38.4K +16.79% $0.00 267K Aug 21, 2023 Direct
transaction MUSA Common Stock Tax liability -$6.89M -21.7K -8.13% $316.96 245K Aug 21, 2023 Direct F1
transaction MUSA Common Stock Sale -$5.96M -19K -7.73% $314.40 226K Aug 21, 2023 Direct
transaction MUSA Common Stock Sale -$6.7M -21.6K -9.52% $310.65 205K Aug 22, 2023 Direct
holding MUSA Common Stock 1.52K Aug 21, 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 -38.4K -100% $0.00* 0 Aug 21, 2023 Common Stock 38.4K $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.