MUSA insider ownership: who sold, why, and what they still hold

What stands out

Six insiders sold $46.5M with no disclosed plan: Robert Murphy ($24.8M), Andrew Clyde ($15.6M) and Robert Chumley ($2.1M), plus 3 more. The filings don't state a reason.Robert Murphy: largest such sale, May 4, 2026 · Andrew Clyde: largest such sale, Nov 20, 2025 · Robert Chumley: largest such sale, Mar 5, 2026

A share of stake is shown for 0 of the 12 officers and directors who sold. 22 are left out

Left out: Claiborne Deming, Robert Murphy, Andrew Clyde, Diane Landen, Malynda West, David Miller, Jack Taylor, Donald Smith Jr., James Keyes, Robert Chumley, Renee Bacon, Christopher Click, Scott Woodward, Jeanne Phillips, David Goebel, David Haley, Eric Bartko, Keith Emery, Rosemary Turner, James McPhail, Michael Kulp and Anish Shah (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Robert Murphy

Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$24.8MNo plan disclosed

Andrew Clyde

Chief Executive Officer, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$15.6MNo plan disclosed

Malynda West

President & CEO, Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$3.5MDisclosed plan

Renee Bacon

SVP, Chief Retail Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$2.3M51% planned 49% no plan disclosed

Robert Chumley

SVP Innovation

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$2.1MNo plan disclosed

All 12 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 3, 2026Eric Bartko sold 100 shares ($52K) with no plan disclosed.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Eric Bartko SVP & Chief Customer Officer	100	$523.60	n/a	n/a	Sep 3, 2026	Sep 3, 2026

Common questions

Is the Murphy USA Inc. CEO selling stock?

Yes. Andrew Clyde sold 41K shares ($15.6M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Murphy USA Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 9% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 91% had no disclosed plan. A trading plan schedules sales in advance.

Are any Murphy USA Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold12 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Robert Murphy Director	$24.8M 42K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Andrew Clyde Chief Executive Officer, Director	$15.6M 41K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Malynda West President & CEO, Director	$3.5M 8K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
Renee Bacon SVP, Chief Retail Officer	$2.3M 5.5K shares	Not confirmed share of stake is being verified. Why	51% under a disclosed plan 49% no plan disclosed
Robert Chumley SVP Innovation	$2.1M 5K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Diane Landen Director	$1.6M 3K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
James Keyes Director	$1.2M 2.3K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Keith Emery SVP, Chief Fuels Officer	$641K 1.4K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Rosemary Turner Director	$552K 966 shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Jeanne Phillips Director	$456K 1.2K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Eric Bartko SVP & Chief Customer Officer	$192K 445 shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Scott Woodward SVP, Chief Merchandising Off.	$153K 295 shares	Not confirmed share of stake is being verified. Why	No plan disclosed

The full ownership picture0 of 22 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 13, 2025

Sold

Held Oct 13, 2026

Still held

Claiborne Deming

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Claiborne Deming are complete.

Director

n/a

Vesting, gifts, unvested awards and holding lines for Claiborne Deming

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Claiborne Deming are complete; balances and unit counts will be added when the check is finished.

−768gifted (net of own trusts)

Robert Murphy

Director

n/a

−42K

n/a

Vesting, gifts, unvested awards and holding lines for Robert Murphy

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Murphy are complete; balances and unit counts will be added when the check is finished.

−5.5Kgifted (net of own trusts)

Andrew Clyde

Chief Executive Officer, Director

n/a

−41K

n/a

Vesting, gifts, unvested awards and holding lines for Andrew Clyde

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andrew Clyde are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
14,300	$391.54	Feb 14, 2031	$1.9M
12,200	$492.22	Feb 12, 2032	$383K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

Diane Landen

Director

n/a

−3K

n/a

Vesting, gifts, unvested awards and holding lines for Diane Landen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Diane Landen are complete; balances and unit counts will be added when the check is finished.

−3Kgifted (net of own trusts)

Malynda West

President & CEO, Director

n/a

−8K

n/a

Vesting, gifts, unvested awards and holding lines for Malynda West

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Malynda West are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−12Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
4,200	$392.66	Feb 15, 2031	$550K
4,000	$492.22	Feb 12, 2032	$126K
10,116	$380.92	Feb 11, 2033	$1.4M

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

David Miller

Director

n/a

Vesting, gifts, unvested awards and holding lines for David Miller

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Miller are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Jack Taylor

Director

n/a

Vesting, gifts, unvested awards and holding lines for Jack Taylor

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jack Taylor are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Donald Smith Jr.

SVP, CFO & Treasurer

n/a

Vesting, gifts, unvested awards and holding lines for Donald Smith Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Donald Smith Jr. are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−584withheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
800	$391.54	Feb 14, 2031	$106K
600	$492.22	Feb 12, 2032	$19K
865	$380.92	Feb 11, 2033	$123K
427	$507.56	Apr 6, 2033	$7K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

James Keyes

Director

n/a

−2.3K

n/a

Vesting, gifts, unvested awards and holding lines for James Keyes

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Keyes are complete; balances and unit counts will be added when the check is finished.

−2Kgifted (net of own trusts)

Robert Chumley

SVP Innovation

n/a

−5K

n/a

Vesting, gifts, unvested awards and holding lines for Robert Chumley

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Chumley are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.1Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
850	$263.48	Feb 8, 2030	$221K
1,300	$391.54	Feb 14, 2031	$172K
1,000	$492.22	Feb 12, 2032	$31K
1,315	$380.92	Feb 11, 2033	$188K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

Renee Bacon

SVP, Chief Retail Officer

n/a

−5.5K

n/a

Vesting, gifts, unvested awards and holding lines for Renee Bacon

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Renee Bacon are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−2.6Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
1,300	$391.54	Feb 14, 2031	$172K
1,100	$492.22	Feb 12, 2032	$35K
1,378	$380.92	Feb 11, 2033	$197K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

Christopher Click

EVP, Strategy, Growth & Innova

n/a

Vesting, gifts, unvested awards and holding lines for Christopher Click

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christopher Click are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.1Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
1,200	$181.18	Feb 9, 2029	$411K
1,700	$392.66	Feb 15, 2031	$223K
1,500	$492.22	Feb 12, 2032	$47K
1,944	$380.92	Feb 11, 2033	$277K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

Scott Woodward

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Scott Woodward are complete.

SVP, Chief Merchandising Off.

n/a

−295

n/a

Vesting, gifts, unvested awards and holding lines for Scott Woodward

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Scott Woodward are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−838withheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
250	$391.54	Feb 14, 2031	$33K
400	$492.22	Feb 12, 2032	$13K
759	$380.92	Feb 11, 2033	$108K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

Jeanne Phillips

Director

n/a

−1.2K

n/a

Vesting, gifts, unvested awards and holding lines for Jeanne Phillips

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeanne Phillips are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

David Goebel

Director

n/a

Vesting, gifts, unvested awards and holding lines for David Goebel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Goebel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

David Haley

Director

n/a

Vesting, gifts, unvested awards and holding lines for David Haley

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Haley are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Eric Bartko

SVP & Chief Customer Officer

n/a

−445

n/a

Vesting, gifts, unvested awards and holding lines for Eric Bartko

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Eric Bartko are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−303withheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
650	$191.66	Mar 21, 2029	$216K
500	$263.48	Feb 8, 2030	$130K
500	$391.54	Feb 14, 2031	$66K
400	$492.22	Feb 12, 2032	$13K
749	$380.92	Feb 11, 2033	$107K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

Keith Emery

SVP, Chief Fuels Officer

n/a

−1.4K

n/a

Vesting, gifts, unvested awards and holding lines for Keith Emery

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Keith Emery are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.2Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
500	$391.54	Feb 14, 2031	$66K
500	$492.22	Feb 12, 2032	$16K
809	$380.92	Feb 11, 2033	$115K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

Rosemary Turner

Director

n/a

−966

n/a

Vesting, gifts, unvested awards and holding lines for Rosemary Turner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Rosemary Turner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

James McPhail

SVP Asset Development

n/a

Vesting, gifts, unvested awards and holding lines for James McPhail

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James McPhail are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
700	$492.22	Feb 12, 2032	$22K
961	$380.92	Feb 11, 2033	$137K

Estimate: options held × ($523.60 − strike price), using the most recent insider trade price on Form 4 (Sep 3, 2026), not a market close.

Michael Kulp

Director

n/a

Vesting, gifts, unvested awards and holding lines for Michael Kulp

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Kulp are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Anish Shah

VP & Controller

n/a

Vesting, gifts, unvested awards and holding lines for Anish Shah

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anish Shah are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Murphy USA Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$53.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $53.1M across 110,621 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $4.7M · 9%

91%

The lighter segment is sales with no plan disclosed in the filing ($48.5M), including tax-related sales outside a plan.

No plan disclosed · $48.5M

Sales with no 10b5-1 plan and no tax reference in the filing. $24.8M of it is Robert Murphy. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Robert Murphy, May 4, 2026

Taxes

19,153 shares ($8.0M) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Robert Murphy Director	42K	$24.8M	0%	47%	May 4, 2026 to May 4, 2026
Andrew Clyde Chief Executive Officer, Director	41K	$15.6M	0%	29%	Nov 20, 2025 to Nov 20, 2025
Malynda West President & CEO, Director	8K	$3.5M	100%	7%	Jan 7, 2026 to Feb 4, 2026
Renee Bacon SVP, Chief Retail Officer	5.5K	$2.3M	51%	4%	Feb 10, 2026 to May 27, 2026
Robert Chumley SVP Innovation	5K	$2.1M	0%	4%	Mar 5, 2026 to Mar 5, 2026
Diane Landen Director	3K	$1.6M	0%	3%	Jun 5, 2026 to Jun 5, 2026
James Keyes Director	2.3K	$1.2M	0%	2%	Jun 1, 2026 to Jun 1, 2026
Keith Emery SVP, Chief Fuels Officer	1.4K	$641K	0%	1%	Feb 26, 2026 to May 15, 2026
Rosemary Turner Director	966	$552K	0%	1%	Aug 20, 2026 to Aug 20, 2026
Jeanne Phillips Director	1.2K	$456K	0%	0.9%	Feb 24, 2026 to Feb 24, 2026
Eric Bartko SVP & Chief Customer Officer	445	$192K	0%	0.4%	Feb 13, 2026 to Sep 3, 2026
Scott Woodward SVP, Chief Merchandising Off.	295	$153K	0%	0.3%	Mar 5, 2026 to May 5, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$15.6M	$0	$0	$15.6M
Dec 2025	$0	$0	$0	$0
Jan 2026	$1.7M	$1.7M	$0	$0
Feb 2026	$4.4M	$2.4M	$0	$2.0M
Mar 2026	$2.2M	$0	$0	$2.2M
Apr 2026	$0	$0	$0	$0
May 2026	$25.7M	$556K	$0	$25.2M
Jun 2026	$2.8M	$0	$0	$2.8M
Jul 2026	$0	$0	$0	$0
Aug 2026	$552K	$0	$0	$552K
Sep 2026	$52K	$0	$0	$52K
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 1.6x the 5-year average. 12 insiders sold; the average is 7 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 13, 2026 Latest 12 months	111K	12	$53.1M
Oct 13, 2025 1 year earlier	11K	6	$5.5M
Oct 13, 2024 2 years earlier	96K	10	$41.2M
Oct 14, 2023 3 years earlier	95K	5	$29.7M
Oct 14, 2022 4 years earlier	141K	8	$36.2M
Oct 14, 2021 5 years earlier	7.1K	5	$1.0M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty22 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Murphy USA Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology930 filings on record, 71 filed in the 12-month period, and how we read them

All 930 Forms 3, 4 and 5 on record for Murphy USA Inc. (SEC CIK 1573516), filed from Aug 16, 2013 to Oct 1, 2026; 71 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (17)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Blake Segal	Feb 14, 2025	2,322 shares, last reported balance as of Feb 12, 2025
Charles Jeff	Feb 14, 2025	No balance on record
Fred Holliger	May 13, 2024	18,549 shares, last reported balance as of May 9, 2024
Jennifer Bridges	Mar 11, 2024	4,642 shares, last reported balance as of Feb 14, 2024
Terry Hatten	Mar 1, 2022	4,492 shares, last reported balance as of Feb 25, 2022
John Moore	Jun 3, 2021	32,918 shares, last reported balance as of May 4, 2021
Thomas Gattle Jr.	Aug 26, 2019	17,261 shares, last reported balance as of Aug 22, 2019
Michael Cooper	Feb 8, 2019	No balance on record
Daryl Schofield	May 4, 2018	7,812 shares, last reported balance as of May 3, 2018
Christoph Keller III	Feb 12, 2018	163,038 shares, last reported balance as of Feb 8, 2018
John Corrigan	Feb 9, 2018	2,000 shares, last reported balance as of May 4, 2017
Marn Cheng	Mar 10, 2017	664 shares, last reported balance as of Mar 8, 2017
Robert Hermes	May 6, 2016	15,893 shares, last reported balance as of May 5, 2016
Joseph Henderson III	Aug 12, 2015	1,466 shares, last reported balance as of Aug 10, 2015
Jeffery Goodwin	Feb 25, 2015	2,309 shares, last reported balance as of Feb 23, 2015
John Rudolfs	Feb 13, 2014	592 shares, last reported balance as of Jan 31, 2014
MURPHY OIL CORP /DE	Aug 30, 2013	No balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.

Murphy USA Inc. insiders sold $53.1M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Recent activity

Common questions

Is the Murphy USA Inc. CEO selling stock?

Why are Murphy USA Inc. insiders selling?

Are any Murphy USA Inc. insiders buying?

The evidence

No plan disclosed · $48.5M

Taxes

Sales by month