Director Michael G. Kulp receives 421 RSUs at Murphy USA (MUSA)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Murphy USA Inc. director Michael G. Kulp received an equity award of 421 restricted stock units on February 12, 2026. The award was granted under the company’s 2023 Omnibus Incentive Plan and was reported as a grant, award, or other acquisition.

The restricted stock units relate to Murphy USA common stock and were recorded at a price of $0 per unit, reflecting non-cash compensation. After this grant, Kulp beneficially owned 421 derivative securities directly. The units generally do not carry a conversion price, exercisable date, or expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kulp Michael G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	421	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 421 shares (Direct)

Footnotes (1)

Award granted under 2023 Omnibus Incentive Plan. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/17/2026 - 04:33 PM

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^*

Kulp Michael G.

(Last)

(First)

(Middle)

200 EAST PEACH

(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)

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

Explanation of Responses:

1. Award granted under 2023 Omnibus Incentive Plan.

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

	/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.
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

FAQ

What insider transaction did Murphy USA (MUSA) report for Michael G. Kulp?

Murphy USA reported that director Michael G. Kulp received an award of 421 restricted stock units. The grant was recorded on February 12, 2026 as a non-cash equity incentive linked to Murphy USA common stock.

How many restricted stock units were granted to the Murphy USA (MUSA) director?

Director Michael G. Kulp was granted 421 restricted stock units. These units were issued under Murphy USA’s 2023 Omnibus Incentive Plan and represent a form of equity compensation tied to the company’s common stock.

Under which plan were the Murphy USA (MUSA) restricted stock units granted?

The restricted stock units were granted under Murphy USA’s 2023 Omnibus Incentive Plan. This plan provides equity-based awards, and in this case delivered 421 restricted stock units to director Michael G. Kulp as part of his compensation.

Does the Murphy USA (MUSA) restricted stock unit award have an exercise price or expiration date?

The filing states these restricted stock units generally do not have a conversion price, exercisable date, or expiration date. They function as derivative equity awards that convert into Murphy USA common stock under the plan’s terms rather than traditional options.

What is Michael G. Kulp’s beneficial ownership after this Murphy USA (MUSA) award?

After the reported transaction, Michael G. Kulp beneficially owned 421 derivative securities in the form of restricted stock units. The ownership is reported as direct, reflecting the full amount of this specific grant in his beneficial holdings.