Murphy USA SVP awarded stock options and RSUs

Q: What insider transaction did Murphy USA (MUSA) report for James McPhail?

Murphy USA reported that SVP Asset Development James McPhail received several equity awards on February 11, 2026. These were grants of stock options, performance stock units, and restricted stock units, not open-market share purchases or sales.

Q: How many stock options were granted to Murphy USA executive James McPhail?

James McPhail was granted a stock option covering 961 shares of Murphy USA common stock at an exercise price of $380.92. The option vests in two equal installments, two and three years after the grant date, aligning with long-term incentive goals.

Q: What performance stock units did Murphy USA grant to James McPhail?

Murphy USA granted 582 performance stock units to James McPhail. These units relate to Murphy USA common stock and were awarded under the 2023 Omnibus Incentive Plan, providing equity-based incentive compensation tied to future company performance outcomes.

Q: Are the equity awards to James McPhail direct or indirect holdings?

The filing shows all reported derivative holdings as direct ownership by James McPhail. The Form 4 lists the ownership form as “D” for each award, with no indication of indirect holdings through trusts, partnerships, or other related entities.

Murphy USA Inc. reported that SVP Asset Development James McPhail received new equity awards on February 11, 2026.

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Rhea-AI Filing Summary

Murphy USA Inc. reported that SVP Asset Development James McPhail received new equity awards on February 11, 2026. The grants include a stock option for 961 shares of common stock with an exercise price of $380.92, vesting in two equal installments two and three years after the grant date. He also received 582 performance stock units, plus restricted stock unit awards of 291 and 1,839 units. These awards were granted under the company’s 2023 Omnibus Incentive Plan, and the RSU totals include accrued dividend equivalent units.

Insider Trade Summary

Grant/Award: 3,673 shares

Grant/Award 4 txns

Insider McPhail James

Role SVP Asset Development

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	961	$0.00	$0.00
Grant/Award	Performance Stock Unit	582	$0.00	$0.00
Grant/Award	Restricted Stock Unit	291	$0.00	$0.00
Grant/Award	Restricted Stock Unit	1,839	$0.00	$0.00

Holdings After Transaction: Stock Option — 961 contracts (Direct); Performance Stock Unit — 1,082 contracts (Direct); Restricted Stock Unit — 2,381.352 contracts (Direct)

Footnotes (4)

F1. Awarded under the 2023 Omnibus Incentive Plan
F2. 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.
F3. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
F4. Includes dividend equivalent units accrued with respect to the underlying RSUs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Murphy USA (MUSA) report for James McPhail?

Murphy USA reported that SVP Asset Development James McPhail received several equity awards on February 11, 2026. These were grants of stock options, performance stock units, and restricted stock units, not open-market share purchases or sales.

How many stock options were granted to Murphy USA executive James McPhail?

James McPhail was granted a stock option covering 961 shares of Murphy USA common stock at an exercise price of $380.92. The option vests in two equal installments, two and three years after the grant date, aligning with long-term incentive goals.

What performance stock units did Murphy USA grant to James McPhail?

Murphy USA granted 582 performance stock units to James McPhail. These units relate to Murphy USA common stock and were awarded under the 2023 Omnibus Incentive Plan, providing equity-based incentive compensation tied to future company performance outcomes.

What restricted stock units did Murphy USA’s SVP receive in this Form 4?

James McPhail received two restricted stock unit grants: one for 291 units and another for 1,839 units. The reported holdings after these grants, 542.352 and 2,381.352 units, include dividend equivalent units accrued on the underlying RSUs.

Under which plan were the Murphy USA equity awards to James McPhail granted?

All the reported stock option, performance stock unit, and restricted stock unit awards to James McPhail were granted under Murphy USA’s 2023 Omnibus Incentive Plan. This plan provides a framework for long-term, equity-based compensation to company employees and officers.

Are the equity awards to James McPhail direct or indirect holdings?

The filing shows all reported derivative holdings as direct ownership by James McPhail. The Form 4 lists the ownership form as “D” for each award, with no indication of indirect holdings through trusts, partnerships, or other related entities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/13/2026 - 05:40 PM EST

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^*

McPhail James

(Last)

(First)

(Middle)

200 E. PEACH STREET

(Street)

EL DORADO

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)
	SVP Asset Development

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option⁽¹⁾	$380.92	02/11/2026		A		961		⁽²⁾	02/11/2033	Common Stock	961	$0	961	D
Performance Stock Unit⁽¹⁾	⁽³⁾	02/11/2026		A		582		⁽³⁾	⁽³⁾	Common Stock	582	$0	1,082	D
Restricted Stock Unit⁽¹⁾	⁽³⁾	02/11/2026		A		291		⁽³⁾	⁽³⁾	Common Stock	291	$0	542.352⁽⁴⁾	D
Restricted Stock Unit⁽¹⁾	⁽³⁾	02/11/2026		A		1,839		⁽³⁾	⁽³⁾	Common Stock	1,839	$0	2,381.352⁽⁴⁾	D

Explanation of Responses:

1. Awarded under the 2023 Omnibus Incentive Plan

2. 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.

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

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

	/s/ Gregory L. Smith, attorney-in-fact	02/13/2026
	** 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 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.

Source: View Original Filing on SEC EDGAR