Martinez Maria A 4

What Happened
Maria A. Martinez, Senior Vice President of Murphy Oil Corp (MUR), had time‑based restricted stock units (RSUs) vest on January 30, 2026. The Form 4 shows 3,616 shares were settled (reported as an exercise/conversion of a derivative). To cover tax withholding on the vesting, 1,615 shares were withheld and reported as disposed at $29.90 per share, totaling $48,285. The filing also includes a separate derivative disposition of 3,240 shares at $0.00 (see Key Details / footnotes).

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 2, 2026 (within normal reporting window).
• Reported entries: 3,616 shares acquired via conversion/settlement (code M); 1,615 shares withheld for taxes (code F) at $29.90/share = $48,285; 3,240 shares listed as a derivative disposition at $0.00.
• Net delivered to the insider from the main settlement (3,616 − 1,615) = 2,001 shares retained by Martinez.
• Shares owned following the transactions: not specified in the provided filing details.
• Footnotes: F1–F5 indicate these were time‑based RSUs under the 2020 LTIP that vested on Jan 30, 2026 and settled one‑for‑one (including dividend equivalents); F2 confirms shares were withheld to satisfy tax withholding; F4 notes these securities generally have no conversion price or expiration.

Context and investor takeaways

• This was an award/settlement event (RSU vesting), not an open‑market purchase or voluntary sale. Withholding shares for taxes is a routine administrative action and does not necessarily indicate a change in insider sentiment.
• The Form 4 reports both the conversion/settlement of RSUs and the tax withholding; derivative entries are typical for RSU reporting — they represent settlement of the award into stock rather than an exercised option for cash proceeds.