Murphy USA SVP sells 353 shares in Form 4

Murphy USA Inc. senior vice president Renee M. Bacon reported equity compensation activity and a small share sale.

Rhea-AI Filing Summary

Murphy USA Inc. senior vice president Renee M. Bacon reported equity compensation activity and a small share sale. On February 6, 2026, 609 time-based RSUs (including dividend equivalents) vested and settled into common stock at $0 per share, increasing her direct holdings to 6,536.3 shares. On the same day, 256 shares were withheld at $397.42 to cover taxes on the RSU vesting, leaving 6,280.3 shares. On February 10, 2026, she sold 353 common shares at $373.39 under a pre-established Rule 10b5-1 trading plan, and directly held 5,927.3 common shares afterward, plus 806.085 RSUs and related dividend equivalent units.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Bacon Renee M

Role SVP, Sales & Operations

Sold 353 shs ($132K)

Approx. gross sale proceeds $132K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	353	$373.39	$132K
Exercise	Restricted Stock Unit	609	$0.00	$0.00
Exercise	Common Stock	609	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	256	$397.42	$102K

Holdings After Transaction: Restricted Stock Unit — 806.085 contracts (Direct); Common Stock — 5,927.3 shares (Direct)

Footnotes (6)

1. F1. Represents time-based Restricted Stock Units (RSUs) and corresponding dividend equivalents accrued to the Reporting Person under the 2013 Long Term Incentive Plan that have vested and settled in shares of the Company's stock on a one-for-one basis.
2. F2. Shares withheld for taxes on RSU vesting.
3. F3. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2025.
4. F4. Represents Restricted Stock Unit Award granted under the 2013 Long-term Incentive Plan.
5. F5. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
6. F6. Includes dividend equivalent units accrued with respect to the underlying RSUs.

FAQ

What insider transaction did Murphy USA (MUSA) report for Renee M. Bacon?

Murphy USA reported that SVP Renee M. Bacon sold 353 common shares at $373.39 on February 10, 2026. The sale followed RSU vesting activity and was executed under a pre-arranged Rule 10b5-1 trading plan.

How many Murphy USA shares does Renee M. Bacon hold after the reported Form 4?

After the reported transactions, Renee M. Bacon directly holds 5,927.3 Murphy USA common shares. She also beneficially owns 806.085 Restricted Stock Units and related dividend equivalent units under the company’s 2013 Long Term Incentive Plan.

What RSU vesting activity was disclosed for Murphy USA SVP Renee M. Bacon?

On February 6, 2026, 609 time-based Restricted Stock Units, including dividend equivalents, vested and settled into Murphy USA common stock at $0 per share. These RSUs were granted under the company’s 2013 Long Term Incentive Plan.

Why were some Murphy USA shares withheld from Renee M. Bacon’s RSU vesting?

From the 609 vested RSUs, 256 Murphy USA shares were withheld at $397.42 per share to cover tax obligations. This is a common method for handling withholding taxes on equity compensation settlements in publicly traded companies.

Was the Murphy USA insider sale by Renee M. Bacon pre-planned?

Yes. The 353-share sale on February 10, 2026 was executed under a Rule 10b5-1 trading plan. The filing states the plan was adopted by Renee M. Bacon on August 11, 2025, indicating a pre-arranged selling schedule.

What role does Renee M. Bacon hold at Murphy USA (MUSA)?

Renee M. Bacon is identified as an officer of Murphy USA with the title SVP, Sales & Operations. She is not listed as a director or 10% owner in this Form 4 insider transaction report filed with the SEC.

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Accepted by SEC EDGAR 02/10/2026 - 05:11 PM Learn about SEC filing dates

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).

X

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^*

Bacon Renee M

(Last) (First) (Middle)

200 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)
	SVP, Sales & Operations

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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	02/06/2026		M		609(1)	A	$0	6,536.3	D
Common Stock	02/06/2026		F(2)		256	D	$397.42	6,280.3	D
Common Stock	02/10/2026		S(3)		353	D	$373.39	5,927.3	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
Restricted Stock Unit(4)	(5)	02/06/2026		M			609(1)	(5)	(5)	Common Stock	609	$0	806.085(6)	D

Explanation of Responses:

1. Represents time-based Restricted Stock Units (RSUs) and corresponding dividend equivalents accrued to the Reporting Person under the 2013 Long Term Incentive Plan that have vested and settled in shares of the Company's stock on a one-for-one basis.

2. Shares withheld for taxes on RSU vesting.

3. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2025.

4. Represents Restricted Stock Unit Award granted under the 2013 Long-term Incentive Plan.

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.

	/s/ Gregory L. Smith, attorney-in-fact	02/10/2026
	** 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.