Hanchera Daniel R 4

What Happened

• Daniel R. Hanchera, Senior Vice President of Murphy Oil (MUR), reported a set of derivative/award transactions on Feb 3, 2026. The filing shows conversion/exercise activity and the settlement/grant of restricted stock units (RSUs)/performance units, and a tax-withholding sale of shares.
• Specifically, the Form 4 records: an exercise/conversion acquiring 9,899 shares (code M, price N/A), an exercise/conversion disposing 11,090 derivative shares (code M, $0 reported), two grant/award entries of 14,980 shares each (code A, $0 reported, derivative awards), and 2,411 shares withheld and disposed to cover taxes (code F) at $30.05 per share for proceeds of $72,443.
• These transactions reflect awards/settlements of time- and performance-based restricted stock units rather than open-market buys or voluntary sales.

Key Details

• Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (timely filing).
• Tax-withholding sale: 2,411 shares @ $30.05 = $72,443 (code F).
• Other entries: 9,899 shares acquired via exercise/conversion (M), 11,090 derivative shares recorded as disposed (M), two awards of 14,980 shares each granted/settled (A). Reported prices for many derivative entries are $0 or N/A per the filing.
• Footnotes: awards include performance-based RSUs that vested/settled (80% of original award plus dividend equivalents), shares withheld for taxes on PSU vesting, and a mix of performance- and time-based awards under the 2020 and 2025 Long-Term Incentive Plans. Some securities "do not carry a Conversion Price, Exercisable Date, or Expiration Date" per the filing.
• Shares owned after the transactions: not stated in the filing.

Context

• These transactions are settlement/grant-related (awards and conversion of RSUs/PSUs). The withholding of 2,411 shares to satisfy tax obligations is routine for vested equity awards and is not the same as an open-market sale by the insider.
• For retail investors, award vesting is informative about executive compensation but does not necessarily signal a buy/sell conviction; no open-market purchase was reported.