STOCK TITAN

[Form 4] MURPHY USA INC. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

West Malynda K, EVP & Chief Operating Officer of Murphy USA Inc. (MUSA), reported transactions dated 08/12/2025 on a Form 4. The filing discloses a net exercise-related transaction involving 4,100 shares, with shares withheld by the company to cover the exercise price and taxes using the $378.95 closing price on August 11, 2025. The filing also records dispositions of 2,241 and 1,859 shares at prices shown as $378.95 and $386.2217, respectively.

The report shows 117,388.642 shares beneficially owned following the transactions and 869.814 shares held indirectly in a 401(k) plan (including 14.88 shares acquired via that plan). The filer retains 8,000 stock options with a $76.15 exercise price, granted under the 2013 Long-Term Incentive Plan; vesting schedule is noted in the filing.

West Malynda K, EVP e Chief Operating Officer di Murphy USA Inc. (MUSA), ha segnalato operazioni datate 08/12/2025 in un Modulo 4. La comunicazione riporta un'operazione netta collegata all'esercizio relativa a 4,100 azioni, con azioni trattenute dalla società per coprire il prezzo di esercizio e le imposte, calcolate sul prezzo di chiusura di $378.95 dell'11 agosto 2025. Il deposito registra inoltre cessioni di 2,241 e 1,859 azioni ai prezzi indicati rispettivamente come $378.95 e $386.2217.

Il rapporto indica la titolarità beneficiaria di 117,388.642 azioni dopo le operazioni e 869.814 azioni detenute indirettamente in un piano 401(k) (comprese 14.88 azioni acquisite tramite quel piano). Il dichiarante mantiene 8,000 opzioni su azioni con prezzo di esercizio di $76.15, concesse nell'ambito del 2013 Long-Term Incentive Plan; il calendario di maturazione è specificato nel deposito.

West Malynda K, EVP y Chief Operating Officer de Murphy USA Inc. (MUSA), informó transacciones con fecha 08/12/2025 en un Formulario 4. La presentación revela una operación neta relacionada con el ejercicio que involucra 4,100 acciones, con acciones retenidas por la compañía para cubrir el precio de ejercicio y los impuestos, utilizando el precio de cierre de $378.95 del 11 de agosto de 2025. La presentación también registra disposiciones de 2,241 y 1,859 acciones a precios mostrados como $378.95 y $386.2217, respectivamente.

El informe muestra 117,388.642 acciones de propiedad beneficiaria después de las transacciones y 869.814 acciones mantenidas indirectamente en un plan 401(k) (incluyendo 14.88 acciones adquiridas a través de ese plan). El declarante conserva 8,000 opciones sobre acciones con un precio de ejercicio de $76.15, concedidas según el 2013 Long-Term Incentive Plan; el calendario de adquisición está indicado en la presentación.

West Malynda K는 Murphy USA Inc. (MUSA)의 EVP 겸 최고운영책임자로서 Form 4에 08/12/2025자 거래를 보고했습니다. 신고서에는 4,100주와 관련된 순수 행사가 거래가 공시되어 있으며, 회사는 행사가격과 세금을 충당하기 위해 주식을 원천징수했으며 기준은 2025년 8월 11일 종가 $378.95입니다. 신고서에는 또한 각각 $378.95$386.2217로 표기된 가격에 2,241주 및 1,859주를 처분한 내역도 기록되어 있습니다.

보고서에 따르면 거래 후 실질적 보유 주식수는 117,388.642주이며, 14.88주를 포함해 401(k) 플랜을 통해 간접 보유한 주식이 869.814주 있습니다. 신고인은 행사가 $76.158,000주의 스톡옵션을 2013 Long-Term Incentive Plan에 따라 보유하고 있으며, 권리확정 일정은 신고서에 기재되어 있습니다.

West Malynda K, EVP et Chief Operating Officer de Murphy USA Inc. (MUSA), a déclaré des opérations datées du 08/12/2025 dans un Formulaire 4. Le dépôt dévoile une transaction nette liée à l'exercice portant sur 4,100 actions, des actions ayant été retenues par la société pour couvrir le prix d'exercice et les impôts, sur la base du cours de clôture de $378.95 du 11 août 2025. Le dépôt enregistre également des cessions de 2,241 et 1,859 actions aux prix indiqués de $378.95 et $386.2217, respectivement.

Le rapport indique 117,388.642 actions dont il est bénéficiaire après les opérations et 869.814 actions détenues indirectement dans un plan 401(k) (y compris 14.88 actions acquises via ce plan). Le déclarant conserve 8,000 options d'achat d'actions au prix d'exercice de $76.15, accordées dans le cadre du 2013 Long-Term Incentive Plan ; le calendrier d'acquisition est précisé dans le dépôt.

West Malynda K, EVP und Chief Operating Officer von Murphy USA Inc. (MUSA), meldete Transaktionen mit dem Datum 08/12/2025 in einem Formular 4. Die Einreichung offenbart eine netto mit der Ausübung verbundene Transaktion über 4,100 Aktien, wobei Aktien von der Gesellschaft einbehalten wurden, um den Ausübungspreis und Steuern zu decken, basierend auf dem Schlusskurs von $378.95 am 11. August 2025. Die Einreichung verzeichnet außerdem Veräußerungen von 2,241 bzw. 1,859 Aktien zu den angegebenen Preisen von $378.95 bzw. $386.2217.

Der Bericht weist nach den Transaktionen eine wirtschaftliche Beteiligung von 117,388.642 Aktien aus und 869.814 Aktien werden indirekt in einem 401(k)-Plan gehalten (einschließlich 14.88 Aktien, die über diesen Plan erworben wurden). Der Melder behält 8,000 Aktienoptionen mit einem Ausübungspreis von $76.15, gewährt im Rahmen des 2013 Long-Term Incentive Plan; der Vesting-Zeitplan ist in der Einreichung vermerkt.

Positive
  • Retention of equity incentives: Reporting person continues to hold 8,000 stock options (exercise price $76.15) under the 2013 LTIP, indicating ongoing equity alignment.
  • Clear disclosure of tax withholding: The filing states shares were withheld to cover exercise price and taxes using the $378.95 closing price.
Negative
  • Disposition of shares: The filing records a sale of 1,859 shares at $386.2217 and a related disposition entry of 2,241 shares tied to the exercise/withholding.
  • Reduction in direct share count: Beneficial ownership after reported transactions is shown as 117,388.642 shares (down from higher interim amounts listed in the filing).

Insights

TL;DR: Routine option exercise and modest share dispositions by the EVP; no obvious material change to ownership stake.

The Form 4 documents a net exercise of options and subsequent share withholding to satisfy exercise price and taxes, using the $378.95 closing price. The filing also records sales totaling 1,859 shares at $386.2217 and an additional disposition line of 2,241 shares associated with the exercise/withholding mechanics. After transactions the reporting person beneficially owns 117,388.642 shares and holds 8,000 options (exercise price $76.15) granted under the 2013 LTIP. This appears to be a compensation-related exercise and routine reporting of withholding and sale; the filing does not disclose any new grants beyond the described award mechanics.

TL;DR: Disclosure clarifies tax withholding and option vesting; transaction is administrative and consistent with equity compensation practices.

The report explicitly states the net exercise and that shares were withheld to cover taxes and the exercise price, citing the closing price used. It identifies the award as granted under the 2013 Long-Term Incentive Plan and notes the remaining option position of 8,000 options with a $76.15 exercise price and a two-installment vesting schedule. The presence of indirect ownership through a 401(k) plan is documented. From a governance perspective, the filing records standard executive equity activity with clear explanations; no governance concerns are raised by the disclosed entries.

West Malynda K, EVP e Chief Operating Officer di Murphy USA Inc. (MUSA), ha segnalato operazioni datate 08/12/2025 in un Modulo 4. La comunicazione riporta un'operazione netta collegata all'esercizio relativa a 4,100 azioni, con azioni trattenute dalla società per coprire il prezzo di esercizio e le imposte, calcolate sul prezzo di chiusura di $378.95 dell'11 agosto 2025. Il deposito registra inoltre cessioni di 2,241 e 1,859 azioni ai prezzi indicati rispettivamente come $378.95 e $386.2217.

Il rapporto indica la titolarità beneficiaria di 117,388.642 azioni dopo le operazioni e 869.814 azioni detenute indirettamente in un piano 401(k) (comprese 14.88 azioni acquisite tramite quel piano). Il dichiarante mantiene 8,000 opzioni su azioni con prezzo di esercizio di $76.15, concesse nell'ambito del 2013 Long-Term Incentive Plan; il calendario di maturazione è specificato nel deposito.

West Malynda K, EVP y Chief Operating Officer de Murphy USA Inc. (MUSA), informó transacciones con fecha 08/12/2025 en un Formulario 4. La presentación revela una operación neta relacionada con el ejercicio que involucra 4,100 acciones, con acciones retenidas por la compañía para cubrir el precio de ejercicio y los impuestos, utilizando el precio de cierre de $378.95 del 11 de agosto de 2025. La presentación también registra disposiciones de 2,241 y 1,859 acciones a precios mostrados como $378.95 y $386.2217, respectivamente.

El informe muestra 117,388.642 acciones de propiedad beneficiaria después de las transacciones y 869.814 acciones mantenidas indirectamente en un plan 401(k) (incluyendo 14.88 acciones adquiridas a través de ese plan). El declarante conserva 8,000 opciones sobre acciones con un precio de ejercicio de $76.15, concedidas según el 2013 Long-Term Incentive Plan; el calendario de adquisición está indicado en la presentación.

West Malynda K는 Murphy USA Inc. (MUSA)의 EVP 겸 최고운영책임자로서 Form 4에 08/12/2025자 거래를 보고했습니다. 신고서에는 4,100주와 관련된 순수 행사가 거래가 공시되어 있으며, 회사는 행사가격과 세금을 충당하기 위해 주식을 원천징수했으며 기준은 2025년 8월 11일 종가 $378.95입니다. 신고서에는 또한 각각 $378.95$386.2217로 표기된 가격에 2,241주 및 1,859주를 처분한 내역도 기록되어 있습니다.

보고서에 따르면 거래 후 실질적 보유 주식수는 117,388.642주이며, 14.88주를 포함해 401(k) 플랜을 통해 간접 보유한 주식이 869.814주 있습니다. 신고인은 행사가 $76.158,000주의 스톡옵션을 2013 Long-Term Incentive Plan에 따라 보유하고 있으며, 권리확정 일정은 신고서에 기재되어 있습니다.

West Malynda K, EVP et Chief Operating Officer de Murphy USA Inc. (MUSA), a déclaré des opérations datées du 08/12/2025 dans un Formulaire 4. Le dépôt dévoile une transaction nette liée à l'exercice portant sur 4,100 actions, des actions ayant été retenues par la société pour couvrir le prix d'exercice et les impôts, sur la base du cours de clôture de $378.95 du 11 août 2025. Le dépôt enregistre également des cessions de 2,241 et 1,859 actions aux prix indiqués de $378.95 et $386.2217, respectivement.

Le rapport indique 117,388.642 actions dont il est bénéficiaire après les opérations et 869.814 actions détenues indirectement dans un plan 401(k) (y compris 14.88 actions acquises via ce plan). Le déclarant conserve 8,000 options d'achat d'actions au prix d'exercice de $76.15, accordées dans le cadre du 2013 Long-Term Incentive Plan ; le calendrier d'acquisition est précisé dans le dépôt.

West Malynda K, EVP und Chief Operating Officer von Murphy USA Inc. (MUSA), meldete Transaktionen mit dem Datum 08/12/2025 in einem Formular 4. Die Einreichung offenbart eine netto mit der Ausübung verbundene Transaktion über 4,100 Aktien, wobei Aktien von der Gesellschaft einbehalten wurden, um den Ausübungspreis und Steuern zu decken, basierend auf dem Schlusskurs von $378.95 am 11. August 2025. Die Einreichung verzeichnet außerdem Veräußerungen von 2,241 bzw. 1,859 Aktien zu den angegebenen Preisen von $378.95 bzw. $386.2217.

Der Bericht weist nach den Transaktionen eine wirtschaftliche Beteiligung von 117,388.642 Aktien aus und 869.814 Aktien werden indirekt in einem 401(k)-Plan gehalten (einschließlich 14.88 Aktien, die über diesen Plan erworben wurden). Der Melder behält 8,000 Aktienoptionen mit einem Ausübungspreis von $76.15, gewährt im Rahmen des 2013 Long-Term Incentive Plan; der Vesting-Zeitplan ist in der Einreichung vermerkt.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
West Malynda K

(Last) (First) (Middle)
200 PEACH STREET

(Street)
EL DORADO AR 71730

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Murphy USA Inc. [ MUSA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/12/2025 M 4,100 A $0 121,488.642 D
Common Stock 08/12/2025 F(1) 2,241 D $378.95 119,247.642 D
Common Stock 08/12/2025 S 1,859 D $386.2217 117,388.642 D
Common Stock 869.814(2) I 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option(3) $76.15 08/12/2025 M 4,100 (4) 02/06/2026 Common Stock 4,100 $0 8,000 D
Explanation of Responses:
1. 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 August 11, 2025 of $378.95.
2. Includes 14.88 shares acquired through the reporting person's 401(k) Plan. The information in this report is based on a plan statement dated August 13, 2025.
3. Award granted under the 2013 Long-term incentive Plan.
4. 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.
/s/ Gregory L. Smith, attorney-in-fact 08/13/2025
** 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 4 (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.

FAQ

What insider activity did MUSA EVP West Malynda K report on Form 4?

The filing reports transactions dated 08/12/2025: a net exercise involving 4,100 shares with company withholding for taxes, dispositions of 2,241 and 1,859 shares, and remaining beneficial ownership of 117,388.642 shares.

How many options and at what exercise price does the reporting person hold?

The report shows the reporting person holds 8,000 stock options with an exercise price of $76.15, granted under the 2013 Long-Term Incentive Plan.

What price was used to calculate taxes and withholding for the option exercise?

The company used the closing price on August 11, 2025 of $378.95 to calculate shares withheld for the exercise price and applicable taxes.

Does the filing report any indirect ownership?

Yes. The filing discloses 869.814 shares held indirectly in a 401(k) plan, which includes 14.88 shares acquired through the plan.

Were the transactions signed and when?

The Form 4 is signed by attorney-in-fact Gregory L. Smith on 08/13/2025 on behalf of the reporting person.
Murphy Usa Inc

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7.54B
17.44M
9.47%
90.56%
6.02%
Specialty Retail
Retail-auto Dealers & Gasoline Stations
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EL DORADO