West Malynda K 4

4 · Murphy USA Inc. · Filed Feb 13, 2026

AI-generated summary of this filing

Updated Feb 13, 2026

Murphy USA CEO Malynda K West Receives Awards; Shares Withheld

What Happened

Malynda K. West, President & CEO and a director of Murphy USA (MUSA), had various equity awards/derivative instruments vest or convert on Feb 11, 2026. The filing shows acquisitions totaling 23,502 shares from awards/conversions (10,116 + 6,130 + 3,065 granted/settled; 4,191 from conversion/exercise) and disposals/withholdings of 4,313 shares (1,813 shares withheld for taxes and 2,500 shares surrendered/disposed).
The 1,813 shares withheld to cover tax obligations were valued at $363.36 per share, totaling $658,772. After the withholding and the 2,500-share disposal, the net increase from these reported transactions is 19,189 shares.
These were awards/vestings and conversions (codes A and M) and a tax-related withholding (code F), not open-market purchases or sales.

Key Details

Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely — within two business days).
Reported entries: A (grants/awards) of 19,311 shares total (10,116; 6,130; 3,065); M (exercise/conversion) +4,191 acquired and -2,500 disposed; F (tax withholding) -1,813 shares @ $363.36 each = $658,772.
Net shares resulting from these transactions: +19,189 shares (23,502 acquired − 4,313 withheld/surrendered).
Notable footnotes: F1 — performance-based RSUs vested and settled; the payout reflects a 165.3% payout of the original award. F2 — shares were withheld to satisfy tax withholding. F6 — awards granted under the 2013 Long-Term Incentive Plan.
Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

These entries reflect awards vesting/settlement and conversions (including performance-based RSUs/PSUs), not an open-market purchase or a discretionary sale; purchases are generally considered more directly bullish than grant settlements.
The tax-related disposal is routine (withholding/surrender) to satisfy tax obligations on vested awards. The filing does not state any 10b5-1 sale plan or similar arrangement.

Form 4

Period: 2026-02-11

DirectorPresident & CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-11+4,191→ 122,299.642 total
Tax Payment
Common Stock
[F2]
2026-02-11$363.36/sh−1,813$658,772→ 120,486.642 total
Award
Stock Option
[F3]
2026-02-11+10,116→ 10,116 total
Exercise: $380.92Exp: 2033-02-11→ Common Stock (10,116 underlying)
Award
Performance Stock Unit
[F4]
2026-02-11+6,130→ 13,930 total
→ Common Stock (6,130 underlying)
Award
Restricted Stock Unit
[F4][F5]
2026-02-11+3,065→ 5,734.803 total
→ Common Stock (3,065 underlying)
Exercise/Conversion
Performance Stock Unit
[F6][F4]
2026-02-11−2,500→ 11,430 total
→ Common Stock (2,500 underlying)

Holdings

Footnotes (6)

[F1]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 awarded under the 2013 Long-Term Incentive Plan, the total includes 165.3% of the original award.
[F2]Shares withheld for taxes on PSU vesting.
[F3]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.
[F4]These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
[F5]Includes dividend equivalent units accrued with respect to the underlying RSUs.
[F6]Award granted under the 2013 Long-term Incentive Plan.

Signature

/s/ Gregory L. Smith, attorney-in-fact|2026-02-13

1 file