R. Andrew Clyde - 09 Dec 2025 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Role: Chief Executive Officer, Director
Signature: /s/ Gregory L. Smith, attorney-in-fact
Issuer symbol: MUSA
Transactions as of: 09 Dec 2025
Net transactions value: -$1,370,915
Form type: 4
Filing time: 10 Dec 2025, 17:38:23 UTC
Previous filing: 21 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Clyde R Andrew	Chief Executive Officer, Director	200 PEACH STREET, EL DORADO	/s/ Gregory L. Smith, attorney-in-fact	10 Dec 2025	0001582735

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	Phantom Stock Unit	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$1,370,915	-3,500	-16%	$391.69	18,320	09 Dec 2025	Common Stock	3,500		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects phantom stock units credited to the Reporting Person's account under Murphy USA Inc.'s excess benefit plan (the "Plan"). Each phantom stock unit is the equivalent of one share of Murphy USA Inc. common stock. The phantom stock units will be settled in cash upon the Reporting Person's retirement or other termination of service. The Reporting Person may transfer the value of his phantom stock units into an alternative investment account under the excess benefit plan at any time prior to settlement.
F2	Reflects the transfer by the Reporting Person of shares of phantom stock from the Reporting Person's phantom stock account under the Plan to another investment alternative under the Plan, in accordance with the terms of the Plan.

Content

Reflects phantom stock units credited to the Reporting Person's account under Murphy USA Inc.'s excess benefit plan (the "Plan"). Each phantom stock unit is the equivalent of one share of Murphy USA Inc. common stock. The phantom stock units will be settled in cash upon the Reporting Person's retirement or other termination of service. The Reporting Person may transfer the value of his phantom stock units into an alternative investment account under the excess benefit plan at any time prior to settlement.

Reflects the transfer by the Reporting Person of shares of phantom stock from the Reporting Person's phantom stock account under the Plan to another investment alternative under the Plan, in accordance with the terms of the Plan.