R. Andrew Clyde - 21 May 2024 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Signature
/s/ Gregory L. Smith, attorney-in-fact
Issuer symbol
MUSA
Transactions as of
21 May 2024
Transactions value $
-$9,862,243
Form type
4
Filing time
22 May 2024, 16:42:12 UTC
Previous filing
11 Mar 2024
Next filing
05 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MUSA Common Stock Options Exercise $0 +22.3K +11.17% $0.00 222K 21 May 2024 Direct
transaction MUSA Common Stock Tax liability -$5.29M -11.9K -5.37% $443.94 210K 21 May 2024 Direct F1
transaction MUSA Common Stock Sale -$4.58M -10.4K -4.95% $440.32 200K 21 May 2024 Direct
holding MUSA Common Stock 1.53K 21 May 2024 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 -22.3K -50% $0.00 22.3K 21 May 2024 Common Stock 22.3K $76.15 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 May 21, 2024 of $443.94.
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.