Murphy USA Inc. — Director's Dealing 2021

Feb 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2021-02-08

Reporting Person: Landen Diane N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-08	Common Stock	M	1350	—	Acquired	60841	Direct
2021-02-08	Common Stock	M	2.507	$128.88	Acquired	60843.507	Direct
2021-02-08	Common Stock	D	0.507	$128.88	Disposed	60843	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Restricted Stock Unit	$	M	1350	Disposed		Common Stock (1350)	Direct
2021-02-08	Dividend Equivalent Units	$	M	2.507	Disposed		Common Stock (2.507)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	34688	Indirect
Common Stock	5160	Indirect
Common Stock	2043	Indirect
Common Stock	42149	Indirect

Footnotes

F1: Represents Restricted Stock Units ("RSUs") and corresponding dividend equivalents accrued thereon granted to the Reporting Person under the 2013 Stock Plan for Non-Employee Directors (the "Plan") that have vested and settled in shares of the Company's stock on a one-for-one basis, except for fractional dividend equivalents which have been settled in cash.

F2: Represents Restricted Stock Unit Award granted under the 2013 Stock Plan for Non-employee Directors that have vested according to Plan.

F3: These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.

F4: Reflects dividend equivalent units accrued on RSUs granted to the Reporting Person under the Plan. Each dividend equivalent unit reflects the right to receive common stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding RSUs. Any fractional dividend equivalent units will be settled in cash.