MUSA · Murphy USA Inc.

Donald R. Smith, Jr. has been formally appointed to the role of Senior Vice President, Chief Financial Officer and Treasurer of Murphy USA Inc., effective April 3, 2026. Mr. Smith, age 54, has served in various capacities at Murphy USA since its 2013 spin-off from Murphy Oil Corporation, most recently as Interim Chief Financial Officer since October 2025 and Vice President, Chief Accounting Officer & Treasurer. His prior experience includes over 14 years at KPMG, LLP, departing as a Senior Manager in the Audit and Assurance Practice. The appointment solidifies the company's financial leadership following his interim role. In connection with the appointment, the Board approved an increase in his annual base salary to $550,000, a target annual cash bonus opportunity of 70% of base salary, and a target long-term equity incentive award opportunity of 125% of base salary. Additionally, he will receive a one-time cash bonus of $45,000 and a 'top-up' annual equity incentive award for 2026 valued at $260,000, granted as 50% performance stock units, 25% restricted stock units, and 25% stock options.