Murphy USA Inc. — Director's Dealing 2026

Jan 20, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2026-01-15

Reporting Person: West Malynda K (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-15	Common Stock	M	9200	$106.72	Acquired	126588.642	Direct
2026-01-15	Common Stock	F	5233	$444.63	Disposed	121355.642	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-15	Stock Option	$106.72	M	9200	Disposed	2027-02-05	Common Stock (9200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	874.192	Indirect

Footnotes

F1: The option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2025.

F2: Represents a net exercise of outstanding stock options. These shares were withheld by the Company for payment of the exercise price and applicable taxes, using the closing price on January 14, 2025 of $444.63.

F3: Includes .899 shares acquired through the reporting person's 401(k) Plan. The information in this report is based on a plan statement dated January 20, 2026.

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

F5: 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.