Click Christopher A 4

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

AI-generated summary of this filing

Updated Feb 13, 2026

Murphy USA (MUSA) EVP Christopher Click Exercises Options, Receives Awards

What happened

Christopher A. Click, EVP, Strategy, Growth & Innovation at Murphy USA (MUSA), had several equity derivative events reported on Feb 11, 2026. The filing shows option/derivative conversions and multiple awards settled in shares (totaling 8,006 shares acquired per the report lines) and a tax-withholding disposition of 798 shares valued at $363.36 each ($289,961).
Specific reported items: 1,843 shares reported as an exercise/conversion acquisition (M); four awards/grants converted to 6,163 shares (1,944; 1,178; 589; 2,452) reported as acquisitions (A); 1,100 shares reported as an exercise/conversion disposition (M) at $0.00; and 798 shares withheld/disposed to satisfy tax withholding (F) at $363.36/share ($289,961).

Key details

Transaction date: Feb 11, 2026; Form filed Feb 13, 2026.
Prices and values: tax-withheld shares 798 @ $363.36 = $289,961; most reported acquisitions/conversions show $0.00 because they were awards/settlements rather than open-market purchases.
Shares listed as acquired (by conversion/award): 8,006 total (1,843 M + 6,163 A). Shares reported as disposed to cover taxes: 798 (F); an additional 1,100 shares are shown as a derivative disposition at $0.00 in the filing.
Notable footnotes: the vested performance-based RSUs settled at 165.3% of the original award plus dividend-equivalent shares (F1, F6); shares were withheld for taxes (F2); awards were granted under the 2023 Omnibus Incentive Plan and the 2013 Long-Term Incentive Plan (F3, F7). Some securities are described as not carrying a conversion price/exercisable/expiration date (F5); an option vesting schedule is noted for another award (F4).
Shares owned after the transactions are not provided in the excerpt supplied.

Context

This appears to be a routine settlement/vesting and related tax withholding (common when performance-based RSUs vest). The withholding of 798 shares to cover taxes is effectively a cashless settlement to satisfy tax liability. The filing does not show an open-market sale for cash (other than the withholding), so this is not a discretionary sale signal to the market.

Form 4

Period: 2026-02-11

EVP, Strategy, Growth & Innova

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-11+1,843→ 6,558 total
Tax Payment
Common Stock
[F2]
2026-02-11$363.36/sh−798$289,961→ 5,760 total
Award
Stock Option
[F3][F4]
2026-02-11+1,944→ 1,944 total
Exercise: $380.92Exp: 2033-02-11→ Common Stock (1,944 underlying)
Award
Performance Stock Unit
[F3][F5]
2026-02-11+1,178→ 4,378 total
→ Common Stock (1,178 underlying)
Award
Restricted Stock Unit
[F3][F5][F6]
2026-02-11+589→ 1,646.827 total
→ Common Stock (589 underlying)
Award
Restricted Stock Unit
[F3][F5][F6]
2026-02-11+2,452→ 4,098.827 total
→ Common Stock (2,452 underlying)
Exercise/Conversion
Performance Stock Unit
[F7][F5]
2026-02-11−1,100→ 3,278 total
→ Common Stock (1,100 underlying)

Footnotes (7)

[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, the total includes 165.3% of the original award plus shares equivalent in value to accumulated dividends.
[F2]Shares withheld for taxes on PSU vesting.
[F3]Award granted under the 2023 Omnibus Incentive Plan.
[F4]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.
[F5]These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
[F6]Includes dividend equivalent units accrued with respect to the underlying RSUs.
[F7]Award granted under the 2013 Long-Term Incentive Plan.

Signature

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

1 file