Martinez Maria A 4

What Happened

• Maria A. Martinez, Senior Vice President of Murphy Oil (MUR), had restricted stock/unit awards settle and related derivative awards convert/settle on February 3, 2026. The filing shows two grants/awards of 11,650 shares each (total 23,300 shares) recorded as acquired, plus conversions/exercises of derivative awards (4,331 shares acquired; 4,850 shares recorded as disposed at $0). To cover tax withholding on vesting, 1,767 shares were withheld/disposed at $30.05, generating proceeds of $53,093.
• This is primarily award/settlement activity (A and M codes), not an open-market purchase or voluntary sale—more a compensation-related issuance and associated tax withholding.

Key Details

• Transaction date: February 3, 2026; Form filed: February 5, 2026 (timely filing).
• Grants/awards: two entries of 11,650 shares each (A code) — performance- and time-based RSU awards per footnotes.
• Derivative conversions/exercises (M code): 4,331 shares acquired; 4,850 shares recorded as disposed at $0 (bookkeeping related to settlement).
• Tax withholding (F code): 1,767 shares withheld at $30.05, netting $53,093. Footnote F2 confirms shares were withheld for taxes. Footnote F1 notes the performance RSUs settled at one-for-one and include 80% of the original award plus dividend equivalents. Footnotes F3–F7 identify awards under the 2020 and 2025 Long-Term Incentive Plans and a vest date (one award vests Feb 3, 2029).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• No indication the filing was late.

Context

• Codes: A = grant/award, M = exercise/conversion of derivative, F = tax withholding to cover tax liabilities. When performance- or time-based RSUs vest, they typically convert into shares; some of those shares are often withheld to cover taxes (routine, not an open-market sale).
• This filing reflects compensation settlement and tax withholding rather than a manager buying or opportunistically selling stock; such award settlements are common and do not by themselves indicate an independent buy/sell signal.