Board member David B. Miller granted RSUs at Murphy USA (NYSE: MUSA)

Rhea-AI Filing Summary

Murphy USA Inc. director David B. Miller reported an equity award of 421 restricted stock units on February 12, 2026. The units were granted at a price of $0 under the 2023 Omnibus Incentive Plan and increase his directly held derivative securities to 770.881 units.

The filing notes that these restricted stock units generally do not have a conversion price, exercisable date, or expiration date. Settlement of certain units and related dividend equivalent units has been deferred until Miller’s termination of service from the board.

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

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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^*

MILLER DAVID B

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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)
			Code	V	Amount	(A) or (D)	Price

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
Restricted Stock Unit(1)	(2)	02/12/2026		A		421		(2)(3)	(2)(3)	Common Stock	421	$0	770.881(4)	D

Explanation of Responses:

1. Award granted under the 2023 Omnibus Incentive Plan.

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

3. The reporting person has elected to defer settlement of certain restricted stock units and accrued dividend equivalent units thereon to the reporting person's termination of service from the Board, in accordance with their deferral election form.

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

	/s/ Gregory L. Smith, attorney-in-fact	02/17/2026
	** 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.
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FAQ

What insider transaction did Murphy USA (MUSA) report on this Form 4?

The Form 4 reports that director David B. Miller received an award of 421 restricted stock units on February 12, 2026. These units were granted at a price of $0 under the 2023 Omnibus Incentive Plan as part of his board compensation.

How many Murphy USA (MUSA) restricted stock units does David B. Miller now hold?

After the February 12, 2026 award, David B. Miller beneficially owns 770.881 derivative securities in the form of restricted stock units. This total includes the newly granted 421 units and dividend equivalent units associated with the underlying restricted stock units.

At what price were the Murphy USA (MUSA) restricted stock units granted to David B. Miller?

The 421 restricted stock units granted to David B. Miller were issued at a price of $0 per unit. This reflects a standard equity award structure rather than an open-market purchase, consistent with compensation granted under the 2023 Omnibus Incentive Plan.

Under which plan were David B. Miller’s Murphy USA (MUSA) restricted stock units granted?

David B. Miller’s restricted stock units were granted under Murphy USA’s 2023 Omnibus Incentive Plan. This plan authorizes equity-based awards such as restricted stock units for directors and other participants as part of the company’s overall compensation framework.

Do David B. Miller’s Murphy USA (MUSA) restricted stock units have an exercise price or expiration date?

The filing states that these restricted stock units generally do not carry a conversion price, exercisable date, or expiration date. They function as full-value share-based awards rather than traditional options with a strike price and fixed exercise window.

How will settlement of David B. Miller’s Murphy USA (MUSA) restricted stock units occur?

David B. Miller has elected to defer settlement of certain restricted stock units and related dividend equivalent units until his termination of service from the board. This deferral follows the terms of his deferral election form referenced in the filing footnotes.