Murphy USA Inc. — Director's Dealing 2023

Feb 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2023-02-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-03	Common Stock	M	2450	—	Acquired	94004.642	Direct
2023-02-03	Common Stock	M	34.079	—	Acquired	94038.721	Direct
2023-02-03	Common Stock	F	1119	$253.77	Disposed	92919.721	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-03	Restricted Stock Unit	$	M	2450	Disposed		Common Stock (2450)	Direct
2023-02-03	Dividend Equivalent Units	$	M	34.079	Disposed		Common Stock (34.079)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	803.464	Indirect

Footnotes

F1: Represents time-based Restricted Stock Units (RSUs) and corresponding dividend equivalents accrued to the Reporting Person under the 2013 Long Term Incentive 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: These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.

F5: 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.