Woodward Scott G. 4

What Happened Scott G. Woodward, Senior Vice President of Merchandising at Murphy USA (MUSA), reported a sale of 136.644 shares on March 5, 2026. The shares were disposed at $422.44 per share for a total proceeds of approximately $57,724. The filing lists the transaction as an open market or private sale (code S).

Key Details

• Transaction date and price: March 5, 2026 — 136.644 shares sold at $422.44 per share (≈ $57,724 total).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: The sale reflects a reallocation by the reporting person’s spouse from the company stock fund into other investment choices under the company 401(k) plan.
  • F2: Includes 12.24 shares held/recorded through the reporting person’s 401(k) plan (based on a plan statement dated March 6, 2026).
• Filing timeliness: Report filed March 9, 2026; this is within the standard two-business-day Form 4 filing window for a March 5 transaction.

Context This was a sale (disposition) rather than a purchase—many insider sales are routine (e.g., portfolio rebalancing, tax/401(k) actions) and do not necessarily indicate change in company outlook. The footnotes indicate the movement was tied to 401(k) plan reallocations involving the reporting person’s spouse and plan holdings, which often reflect personal or plan-level decisions rather than a direct vote of confidence or concern about the company’s prospects.