Form 4: Click Christopher A reports multiple insider transactions in MUSA

Rhea-AI Filing Summary

Click Christopher A reported multiple insider transaction types in a Form 4 filing for MUSA. The filing lists transactions totaling 9,904 shares at a weighted average price of $363.36 per share. Following the reported transactions, holdings were 1,944 shares.

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

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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^*

Click Christopher A

(Last) (First) (Middle)

200 E. PEACH ST

(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, Strategy, Growth & Innova

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/11/2026		M		1,843(1)	A	$0	6,558	D
Common Stock	02/11/2026		F(2)		798	D	$363.36	5,760	D

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)	$380.92	02/11/2026		A		1,944		(4)	02/11/2033	Common Stock	1,944	$0	1,944	D
Performance Stock Unit(3)	(5)	02/11/2026		A		1,178		(5)	(5)	Common Stock	1,178	$0	4,378	D
Restricted Stock Unit(3)	(5)	02/11/2026		A		589		(5)	(5)	Common Stock	589	$0	1,646.827(6)	D
Restricted Stock Unit(3)	(5)	02/11/2026		A		2,452		(5)	(5)	Common Stock	2,452	$0	4,098.827(6)	D
Performance Stock Unit(7)	(5)	02/11/2026		M			1,100	(5)	(5)	Common Stock	1,100	$0	3,278	D

Explanation of Responses:

1. Represents performance-based restricted Stock units that have vested and settled in shares of the Company's stock. Pursuant to the terms of the performance-based grant, the total includes 165.3% of the original award plus shares equivalent in value to accumulated dividends.

2. Shares withheld for taxes on PSU vesting.

3. Award granted under the 2023 Omnibus 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.

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

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

7. Award granted under the 2013 Long-Term Incentive Plan.

	/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.

FAQ

What insider transactions did Murphy USA (MUSA) executive Christopher Click report?

Christopher Click reported equity compensation activity including option, performance stock unit, and restricted stock unit grants, plus an exercise of performance units into common shares. Some shares were withheld to cover taxes related to vesting rather than sold in the open market.

How many Murphy USA (MUSA) shares does Christopher Click hold after these Form 4 transactions?

Following the reported transactions, Christopher Click directly holds 5,760 shares of Murphy USA common stock. This reflects shares issued from performance unit vesting, reduced by shares withheld to satisfy tax obligations associated with that vesting event on February 11, 2026.

Were Christopher Click’s Murphy USA (MUSA) Form 4 transactions open-market buys or sales?

The Form 4 shows no open-market purchases or sales. Activity reflects equity compensation: option, performance stock unit, and restricted stock unit grants, an exercise of performance units into common shares, and shares withheld at $363.36 solely to pay taxes on vested awards.

What stock option grant did Murphy USA (MUSA) report for Christopher Click?

Murphy USA granted Christopher Click stock options covering 1,944 shares with a $380.92 exercise price. The options were awarded under the 2023 Omnibus Incentive Plan and vest in two equal installments, two and three years after the February 11, 2026 grant date.

What are the key details of the performance stock units reported for Murphy USA (MUSA)?

Christopher Click received 1,178 new performance stock units and had 1,100 previously granted performance units convert into 1,843 common shares. The vested performance-based units included 165.3% of the original award plus additional shares equivalent to accumulated dividends, reflecting strong performance conditions.