Murphy USA Inc. — Director's Dealing 2023

Mar 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2023-03-01

Reporting Person: West Malynda K (EVP, Fuels, CFO & Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-01	Dividend Equivalent Units	$	A	17.095	Acquired		Common Stock (17.095)	Direct
2023-03-01	Dividend Equivalent Units	$	A	3.182	Acquired		Common Stock (3.182)	Direct
2023-03-01	Dividend Equivalent Units	$	A	2.13	Acquired		Common Stock (2.13)	Direct
2023-03-01	Dividend Equivalent Units	$	A	1.709	Acquired		Common Stock (1.709)	Direct

Footnotes

F1: Reflects the accrual of dividend equivalent units on outstanding restricted stock units ("RSUs") granted to the Reporting Person under the 2013 Long-Term Incentive 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.

F2: Reflects the accrual of dividend equivalent units on pension restoration RSUs granted on September 6, 2013.

F3: Reflects the accrual of dividend equivalent units on RSUs granted to the Reporting Person on February 10, 2021.

F4: Reflects the accrual of dividend equivalent units on RSUs granted to the Reporting Person on February 9, 2022.

F5: Reflects the accrual of dividend equivalent units on RSUs granted to the Reporting Person on February 8, 2023.