Murphy USA Inc. — Director's Dealing 2022

Feb 11, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2022-02-09

Reporting Person: Smith Donald R Jr (VP & Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-09	Common Stock	M	2824	—	Acquired	19264.207	Direct
2022-02-09	Common Stock	F	1266	$181.18	Disposed	17998.207	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-09	Stock Option	$181.18	A	1200	Acquired	2029-02-09	Common Stock (1200)	Direct
2022-02-09	Restricted Stock Unit	$	A	350	Acquired		Common Stock (350)	Direct
2022-02-09	Performance Stock Unit	$	A	700	Acquired		Common Stock (700)	Direct
2022-02-09	Performance Stock Unit	$	M	1400	Disposed		Common Stock (1400)	Direct
2022-02-09	Dividend Equivalent Units	$	M	12	Disposed		Common Stock (12)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	553.923	Indirect

Footnotes

F1: Represents performance-based restricted Stock units that have vested and settled in shares of the Company's stock. Pursuant to the terms of the performance-based grant
awarded under the 2013 Long-Term Incentive Plan, the total includes 200% of the original award.

F2: Shares withheld for taxes on PSU vesting.

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.

F4: Award granted under the 2013 Long-term Incentive Plan.

F5: Reflects dividend equivalent units accrued on PSUs 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 PSU.

F6: These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.