BOTNER E TED 4

What Happened
Ted Botner, EVP, General Counsel & Corporate Secretary of Murphy Oil (MUR), reported the vesting/settlement of time‑based restricted stock units (RSUs) on January 30, 2026. A total of 13,415 shares were issued on vesting. To satisfy tax withholding on the vesting, 5,519 shares were withheld at $29.90 per share, equal to $165,007. The report also shows conversion/exercise reporting of 12,020 derivative/phantom units recorded with $0 proceeds (these represent non‑tradable plan units rather than an open‑market sale).

Key Details

• Transaction date: January 30, 2026 (vest date per footnote F9).
• RSU shares issued/converted: 13,415 shares acquired.
• Tax withholding: 5,519 shares withheld at $29.90/share for $165,007 (footnote F2).
• Derivative units: 12,020 reported as exercised/converted with $0 proceeds (phantom/excess benefit plan units; see F4–F6).
• Additional plan shares included in the totals: 1,357 shares from the Company Thrift Plan (F3) and 1,113 shares from the excess benefit plan (F6).
• Filing: Report filed Feb 2, 2026 for a Jan 30 transaction — appears timely (Form 4 due within two business days).
• Shares owned after the transaction: not specified in the provided excerpt.

Context
This was a standard equity compensation event (RSUs vesting) rather than an open‑market purchase or a discretionary sale. Withholding shares to cover taxes is routine and does not necessarily signal insider buying or selling intent. The 12,020 derivative/phantom units are non‑tradable plan units that are typically settled per plan terms (often at retirement or termination), so they do not reflect an immediate market transaction.