Malynda K. West - 06 Jan 2026 Form 4 Insider Report for Murphy USA Inc. (MUSA)

Role
President & CEO
Signature
/s/ Gregory L. Smith, attorney-in-fact
Issuer symbol
MUSA
Transactions as of
06 Jan 2026
Net transactions value
-$2,757,391
Form type
4
Filing time
07 Jan 2026, 18:14:29 UTC
Previous filing
06 Jan 2026
Next filing
20 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
West Malynda K President & CEO 200 PEACH STREET, EL DORADO /s/ Gregory L. Smith, attorney-in-fact 07 Jan 2026 0001381734

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MUSA Common Stock Options Exercise $609,200 +8,000 +6.8% $76.15 125,389 06 Jan 2026 Direct F1
transaction MUSA Common Stock Tax liability $1,644,916 -3,949 -3.1% $416.54 121,440 06 Jan 2026 Direct F2
transaction MUSA Common Stock Sale $1,721,675 -4,051 -3.3% $425.00 117,389 07 Jan 2026 Direct F1
holding MUSA Common Stock 873 06 Jan 2026 401(k) Plan F3

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 -8,000 -100% $0.000000 0 06 Jan 2026 Common Stock 8,000 $76.15 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The option exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2025.
F2 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 January 5, 2025 of $416.54.
F3 Includes 3.479 shares acquired through the reporting person's 401(k) Plan. The information in this report is based on a plan statement dated January 6, 2026.
F4 Award granted under the 2013 Long-term incentive Plan.
F5 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.