DEMING CLAIBORNE P 4

What Happened
Claiborne P. Deming, a director of Murphy USA (MUSA), was awarded 65.416 restricted stock units (RSUs) on March 31, 2026. The RSUs were granted at $0.00 (derivative award) and represent fully-vested units issued in lieu of the director’s quarterly cash retainer(s). The reporting person has elected to defer settlement of these RSUs (and accrued dividend equivalent units) until termination of Board service. This is an award/compensation transaction — not a purchase or sale.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (appears timely).
• Transaction type/code: Award/Grant (A). Amount: 65.416 RSUs; acquisition price reported $0.00.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes:
  • Award under the 2023 Omnibus Incentive Plan.
  • These securities generally do not have a conversion price, exercisable date, or expiration.
  • RSUs are fully vested and were issued in lieu of quarterly cash retainer(s); the insider elected to defer settlement until termination of service.
  • Includes accrued dividend equivalent units related to the RSUs.

Context
RSU awards to directors are common as routine compensation and do not by themselves indicate buy/sell sentiment. Because settlement is deferred until the director leaves the Board, the units are not immediately converted into tradable shares.