Murphy USA SVP Fuels discloses initial equity holdings

Q: What does Murphy USA (MUSA) Form 3 filed by Emery Keith A. show?

It shows SVP Fuels Emery Keith A. reporting his initial beneficial ownership in Murphy USA Inc., including 299 common shares plus multiple stock options, Performance Stock Units, and Restricted Stock Units held directly as of January 13, 2026.

Q: How many Murphy USA (MUSA) common shares does Emery Keith A. directly own?

The filing reports that he directly owns 299 shares of Murphy USA common stock as of January 13, 2026.

Q: What stock options does the Murphy USA (MUSA) SVP Fuels hold?

He holds stock options on Murphy USA common stock covering 500 shares at $181.18 expiring February 9, 2029, 700 shares at $263.48 expiring February 8, 2030, 500 shares at $391.54 expiring February 14, 2031, and 500 shares at $492.22 expiring February 12, 2032, all held directly.

Q: How do the Murphy USA (MUSA) stock options held by Emery Keith A. vest?

Each option vests in two equal installments: the first half vests two years after the grant date and the second half vests three years after the grant date.

Q: What performance and restricted stock units does Emery Keith A. have in Murphy USA (MUSA)?

He holds 1,200 Performance Stock Units and 606.674 Restricted Stock Units in Murphy USA common stock. The RSU figure includes dividend equivalent units accrued on the underlying RSUs.

Q: Do the Murphy USA (MUSA) PSUs and RSUs reported have a conversion price or expiration date?

The filing notes that these securities generally do not carry a conversion price, exercisable date, or expiration date.

Q: Is the Murphy USA (MUSA) Form 3 for Emery Keith A. a record of trades or just holdings?

This Form 3 is an initial statement of beneficial ownership as of January 13, 2026, listing the holdings of common stock, stock options, Performance Stock Units, and Restricted Stock Units rather than reporting specific buy or sell transactions.

Murphy USA Inc. executive Emery Keith A., who serves as SVP Fuels, reported his initial beneficial ownership of company securities as of January 13, 2026.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Murphy USA Inc. executive Emery Keith A., who serves as SVP Fuels, reported his initial beneficial ownership of company securities as of January 13, 2026. He directly holds 299 shares of common stock.

He also holds several stock options on Murphy USA common stock: 500 shares at an exercise price of $181.18 expiring February 9, 2029, 700 shares at $263.48 expiring February 8, 2030, 500 shares at $391.54 expiring February 14, 2031, and 500 shares at $492.22 expiring February 12, 2032. Each option vests in two equal installments, with half vesting two years after the grant date and the remainder three years after the grant date.

In addition, he holds 1,200 Performance Stock Units and 606.674 Restricted Stock Units, which include dividend equivalent units accrued on the underlying RSUs. These equity awards generally do not carry a conversion price, specific exercisable date, or expiration date.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Emery Keith A.

Role SVP Fuels

Type	Security	Shares	Price	Value
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Performance Stock Unit	--	--	--
holding	Restricted Stock Unit	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option — 2,200 contracts (Direct); Performance Stock Unit — 1,200 contracts (Direct); Restricted Stock Unit — 606.674 contracts (Direct); Common Stock — 299 shares (Direct)

Footnotes (3)

F1. 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.
F2. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
F3. Includes dividend equivalent units accrued with respect to the underlying RSUs.

FAQ

What does Murphy USA (MUSA) Form 3 filed by Emery Keith A. show?

It shows SVP Fuels Emery Keith A. reporting his initial beneficial ownership in Murphy USA Inc., including 299 common shares plus multiple stock options, Performance Stock Units, and Restricted Stock Units held directly as of January 13, 2026.

How many Murphy USA (MUSA) common shares does Emery Keith A. directly own?

The filing reports that he directly owns 299 shares of Murphy USA common stock as of January 13, 2026.

What stock options does the Murphy USA (MUSA) SVP Fuels hold?

He holds stock options on Murphy USA common stock covering 500 shares at $181.18 expiring February 9, 2029, 700 shares at $263.48 expiring February 8, 2030, 500 shares at $391.54 expiring February 14, 2031, and 500 shares at $492.22 expiring February 12, 2032, all held directly.

How do the Murphy USA (MUSA) stock options held by Emery Keith A. vest?

Each option vests in two equal installments: the first half vests two years after the grant date and the second half vests three years after the grant date.

What performance and restricted stock units does Emery Keith A. have in Murphy USA (MUSA)?

He holds 1,200 Performance Stock Units and 606.674 Restricted Stock Units in Murphy USA common stock. The RSU figure includes dividend equivalent units accrued on the underlying RSUs.

Do the Murphy USA (MUSA) PSUs and RSUs reported have a conversion price or expiration date?

The filing notes that these securities generally do not carry a conversion price, exercisable date, or expiration date.

Is the Murphy USA (MUSA) Form 3 for Emery Keith A. a record of trades or just holdings?

This Form 3 is an initial statement of beneficial ownership as of January 13, 2026, listing the holdings of common stock, stock options, Performance Stock Units, and Restricted Stock Units rather than reporting specific buy or sell transactions.

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Accepted by SEC EDGAR 01/23/2026 - 04:16 PM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Emery Keith A.

(Last)

(First)

(Middle)

200 E. PEACH STREET

MURPHY USA

(Street)

EL DORADO

71730

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/13/2026

3. Issuer Name and Ticker or Trading Symbol
Murphy USA Inc. [ MUSA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP Fuels

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	299	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option	⁽¹⁾	02/09/2029	Common Stock	500	$181.18	D
Stock Option	⁽¹⁾	02/08/2030	Common Stock	700	$263.48	D
Stock Option	⁽¹⁾	02/14/2031	Common Stock	500	$391.54	D
Stock Option	⁽¹⁾	02/12/2032	Common Stock	500	$492.22	D
Performance Stock Unit	⁽²⁾	⁽²⁾	Common Stock	1,200	⁽²⁾	D
Restricted Stock Unit	⁽²⁾	⁽²⁾	Common Stock	606.674⁽³⁾	⁽²⁾	D

Explanation of Responses:

1. 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.

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

3. Includes dividend equivalent units accrued with respect to the underlying RSUs.

Remarks:

emerypoa.txt

	/s/ Gregory L. Smith, attorney-in-fact	01/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR