MILLER DAVID B 4

What Happened
David B. Miller, a director of Murphy USA Inc. (MUSA), was granted 421 restricted stock units (RSUs) on February 12, 2026. The award was reported as a derivative acquisition (transaction code A) at $0.00 per share (no cash paid). Per the filing, these units include accrued dividend equivalent units and settlement has been elected to be deferred.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (filed 5 days after the transaction). Form 4s are generally due within 2 business days, so check filing timeliness if relevant.
• Award: 421 RSUs; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes: (F1) Award made under the 2023 Omnibus Incentive Plan. (F2) These securities generally have no conversion price, exercisable date, or expiration. (F3) Miller elected to defer settlement of certain RSUs and accrued dividend equivalents until his termination of Board service. (F4) Amount includes dividend equivalent units accrued on the underlying RSUs.

Context
This was a compensation award (not a market purchase or sale). RSU awards and deferred settlement elections are routinely used for director compensation and do not by themselves indicate buying or selling sentiment. Because settlement is deferred, Miller will not immediately receive shares or cash tied to these units until the deferral event occurs.