STOCK TITAN

Murphy USA (MUSA) CFO receives options, RSUs and PSUs grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Smith Donald R Jr reported acquisition or exercise transactions in this Form 4 filing.

Murphy USA Inc. reported that SVP, CFO & Treasurer Donald R. Smith Jr received new equity awards as part of his compensation. On April 6, 2026, he was granted stock options for 427 shares of common stock at $507.56 per share, vesting in two equal installments over two and three years and expiring in 2033.

He also received 134 Restricted Stock Units and 267 Performance Stock Units, awarded under the 2023 Omnibus Incentive Plan, with RSU totals including dividend equivalent units. Following these awards, he holds 21,817.207 shares of common stock directly and 562.092 shares indirectly as trustee of a company thrift/401(k) plan, plus the new option and unit positions.

Positive

  • None.

Negative

  • None.
Insider Smith Donald R Jr
Role SVP, CFO & Treasurer
Type Security Shares Price Value
Grant/Award Stock Option 427 $0.00 --
Grant/Award Restricted Stock Unit 134 $0.00 --
Grant/Award Performance Stock Unit 267 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Stock Option — 427 shares (Direct); Restricted Stock Unit — 2,075.41 shares (Direct); Performance Stock Unit — 1,691 shares (Direct); Common Stock — 562.092 shares (Indirect, Trustee of Company Thrift Plan); Common Stock — 21,817.207 shares (Direct)
Footnotes (1)
  1. Includes 0.862 shares acquired through the reporting person's 401(k) Plan. The information in this report is based on a plan statement dated April 6, 2026. Awarded under the 2023 Omnibus Incentive Plan. 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. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date. Includes dividend equivalent units accrued with respect to the underlying RSUs.
Stock options granted 427 options Granted on April 6, 2026, underlying common stock
Option exercise price $507.56 per share Conversion/exercise price for 427 stock options
Option expiration April 6, 2033 Expiration date for newly granted stock options
Restricted Stock Units granted 134 RSUs Derivative award in common stock units
Performance Stock Units granted 267 PSUs Derivative award in common stock units
Direct common stock holding 21,817.207 shares Total direct common stock after transactions
Indirect common stock holding 562.092 shares Held as trustee of company thrift/401(k) plan
RSU balance after grant 2,075.410 units Total RSUs including dividend equivalent units
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance Stock Unit financial
"security_title: "Performance Stock Unit""
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
2023 Omnibus Incentive Plan financial
"Awarded under the 2023 Omnibus Incentive Plan."
dividend equivalent units financial
"Includes dividend equivalent units accrued with respect to the underlying RSUs."
401(k) Plan financial
"Includes 0.862 shares acquired through the reporting person's 401(k) Plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
SEC Form 4
FORM 4UNITED 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*
Smith Donald R Jr

(Last)(First)(Middle)
200 PEACH ST

(Street)
EL DORADO ARKANSAS 71730

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Murphy USA Inc. [ MUSA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, CFO & Treasurer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock562.092(1)ITrustee of Company Thrift Plan
Common Stock21,817.207D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option(2)$507.5604/06/2026A427 (3)04/06/2033Common Stock427$0427D
Restricted Stock Unit(2)(4)04/06/2026A134 (4) (4)Common Stock134$02,075.41(5)D
Performance Stock Unit(2)(4)04/06/2026A267 (4) (4)Common Stock267$01,691D
Explanation of Responses:
1. Includes 0.862 shares acquired through the reporting person's 401(k) Plan. The information in this report is based on a plan statement dated April 6, 2026.
2. Awarded under the 2023 Omnibus Incentive Plan.
3. 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.
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-fact04/07/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What equity awards did Murphy USA (MUSA) grant to its CFO?

Murphy USA granted its CFO stock options, restricted stock units, and performance stock units. The awards include 427 stock options at $507.56 per share, 134 RSUs, and 267 PSUs, all tied to Murphy USA common stock under the 2023 Omnibus Incentive Plan.

How many Murphy USA (MUSA) stock options did the CFO receive?

The CFO received 427 stock options linked to Murphy USA common stock. These options have an exercise price of $507.56 per share, vest in two equal installments after two and three years from the grant date, and expire in 2033, reflecting longer-term incentive compensation.

What restricted stock units did the Murphy USA (MUSA) CFO acquire?

The CFO acquired 134 Restricted Stock Units tied to Murphy USA common stock. The RSU balance after this grant is 2,075.410 units, and the figure includes dividend equivalent units accrued on the underlying RSUs, aligning compensation with shareholder returns over time.

What performance stock units were granted to the Murphy USA (MUSA) CFO?

The CFO was granted 267 Performance Stock Units based on Murphy USA common stock. After the grant, his PSU balance is 1,691.000 units. These awards generally lack a fixed conversion price or expiration date, and their ultimate payout typically depends on performance criteria.

How many Murphy USA (MUSA) shares does the CFO hold after these awards?

After these awards, the CFO holds 21,817.207 Murphy USA common shares directly and 562.092 shares indirectly. The indirect holdings are as trustee of a company thrift or 401(k) plan, which includes 0.862 shares acquired through his 401(k) Plan as of April 6, 2026.

Under what plan were the Murphy USA (MUSA) CFO’s new awards granted?

The CFO’s stock option, RSU, and PSU awards were granted under Murphy USA’s 2023 Omnibus Incentive Plan. This plan provides equity-based compensation, aligning executive incentives with shareholder interests through options, restricted stock units, performance stock units, and related dividend equivalent units.