West Malynda K 4

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.