Murphy USA (MUSA) CEO West vests 1,269 RSUs, with 549 shares withheld for tax

Rhea-AI Filing Summary

Murphy USA Inc. President & CEO Malynda K. West reported the vesting of 1,269 Restricted Stock Units (RSUs) on February 6, 2026, which settled into an equal number of Murphy USA common shares under the 2013 Long Term Incentive Plan.

To cover taxes on this vesting, 549 common shares were withheld at $397.42 per share. After these transactions, West directly owned 118,108.642 common shares and beneficially held 875.495 shares through a 401(k) plan, plus 2,669.803 RSUs including related dividend equivalents.

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^*

West Malynda K

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

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		1,269(1)	A	$0	118,657.642	D
Common Stock	02/06/2026		F(2)		549	D	$397.42	118,108.642	D
Common Stock								875.495	I	401(k) Plan

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(3)	(4)	02/06/2026		M			1,269(1)	(4)	(4)	Common Stock	1,269	$0	2,669.803(5)	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. Represents Restricted Stock Unit Award granted under the 2013 Long-term Incentive Plan.

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

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

	/s/ Gregory L. Smith, attorney-in-fact	02/09/2026
	** 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).
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FAQ

What did Murphy USA (MUSA) CEO Malynda K. West report in this Form 4?

Malynda K. West reported the vesting of 1,269 Restricted Stock Units that settled into Murphy USA common shares. These RSUs were granted under the 2013 Long Term Incentive Plan and included dividend-equivalent units credited to her account over time.

How many Murphy USA (MUSA) shares were withheld for taxes in this filing?

The filing shows 549 Murphy USA common shares were withheld to cover taxes on the RSU vesting. The withholding price was reported as $397.42 per share, reflecting a standard tax-settlement mechanism rather than an open-market discretionary sale.

What is Malynda K. West’s Murphy USA (MUSA) share ownership after the reported transactions?

After the transactions, Malynda K. West directly held 118,108.642 Murphy USA common shares. She also beneficially owned 875.495 additional shares through a 401(k) plan, plus 2,669.803 Restricted Stock Units with associated dividend-equivalent units.

What type of derivative securities are disclosed for Murphy USA (MUSA) in this Form 4?

The derivative securities are Restricted Stock Units granted under Murphy USA’s 2013 Long-term Incentive Plan. These RSUs generally do not carry a conversion price, specific exercisable date, or expiration date, and settle into common stock on a one-for-one basis when vesting.

Does this Murphy USA (MUSA) Form 4 indicate any open-market stock sales by the CEO?

The Form 4 shows RSUs converting into shares and 549 shares withheld for taxes, not discretionary open-market sales. The tax withholding is coded as transaction type “F,” which reflects shares surrendered to satisfy tax obligations on the RSU vesting event.