Murphy USA Inc. — Director's Dealing 2021

Feb 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2021-02-07

Reporting Person: CHUMLEY ROBERT J (SVP, Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-07	Common Stock	M	1200	—	Acquired	1862	Direct
2021-02-07	Common Stock	M	2.228	—	Acquired	1864.228	Direct
2021-02-07	Common Stock	F	405	$128.39	Disposed	1459.228	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-07	Restricted Stock Unit	$	M	1200	Disposed		Common Stock (1200)	Direct
2021-02-07	Dividend Equivalent Units	$	M	2.228	Disposed		Common Stock (2.228)	Direct

Footnotes

F1: Represents time-based Restricted Stock Unites (RSUs) and corresponding dividend equivalents accrued to the Reporting Person under the 2013 Long Term Incentive Plan. (the "Plan")that have vested and settled in shares of the Company's stock on a one-for-one basis.

F2: Shares withheld for taxes on RSU vesting.

F3: Reflects an award of RSUs granted under the Plan

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.

F5: These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.