Murphy USA (MUSA) executive compensation, 2026 proxy

R. Andrew Clyde, CEO, was paid $11.8M in 2025, up 6% from $11.1M the year before. The CEO-to-median-employee pay ratio was 601:1, on median employee pay of $19,571.

Filed
March 26, 2026
Annual meeting
May 7, 2026
Pay year
2025
Named executives
6
CEO total pay
$11.8M+6% vs prior year
CEO to median employee
601:1median $19,571
CEO pay in equity
70%$8.3M in awards
Prior say-on-pay support
99%of votes cast
CEO Total Compensation
$11,762,101Fiscal 2025 total compensation
Pay Ratio
601:1CEO to median employee
Median Employee Pay
$19,571Part-time store employee
Say-on-Pay Support
98.9%Prior year approval

How Clyde was paid

$11.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary12%Stock awards54%Option awards16%Non-equity incentive13%All other compensation5%

Named executive officers

ExecutiveTotal
R. Andrew ClydeCEO$11,762,101
Mindy K. WestPresident & COO$4,425,853
Donald R. Smith Jr.Interim CFO; VP, CAO & Treasurer$1,089,519
Chris A. ClickEVP Strategy, Growth & Innovation$2,109,544
Renee M. BaconSVP S&O & CMO$1,684,766
C. Galagher JeffFormer EVP & CFO$1,810,288

What changed and why

  • $11.8MCEO total compensation increased to $11,762,101 in fiscal 2025.
  • 98.9%Stockholders strongly supported executive compensation with 98.9% approval at the prior say-on-pay vote.
  • R. Andrew Clyde retired as CEO effective December 31, 2025.
  • Mindy K. West was appointed President and incoming CEO during the transition.
  • The company continued strong multi-year capital return via share repurchases and dividends.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.