MIRELES THOMAS J 4

What Happened

• Thomas J. Mireles, Executive Vice President & Chief Financial Officer of Murphy Oil, had performance-based restricted stock units (RSUs) vest/convert and received additional RSU awards on Feb 3, 2026. Transactions reported: conversion/exercise-type entries for 35,589 shares (acquired) and 39,860 shares (recorded as derivative disposition), two awards/grants of 36,610 and 54,910 RSU-type securities (acquired as derivatives), and 14,005 shares were withheld to satisfy tax withholding at $30.05 per share (≈ $420,804). The conversions/grants carry no cash exercise price.

Key Details

• Transaction date: February 3, 2026. Form 4 filed February 5, 2026 (timely within two business days).
• Prices recorded: tax-withholding shares withheld at $30.05/share (14,005 shares ≈ $420,804). Other derivative/conversion and grant items show $0 or N/A (typical for RSU settlements/grants).
• Shares owned after the transactions: not disclosed in the provided excerpt.
• Notable footnotes: F1 confirms these were performance-based RSUs that vested and settled one-for-one (includes 80% of original award plus dividend equivalents); F2 denotes shares withheld for taxes; F3/F7 are performance-based RSU awards (2020 and 2025 LTIP); F5 is a time-based RSU award (2025 LTIP); F6 notes a vest date of Feb 3, 2029 for certain grants; F4 explains these securities generally lack conversion price/exercise/expiration dates.
• Transaction codes explained: M = exercise/conversion of derivative, A = grant/award, F = shares withheld for tax withholding.

Context

• These entries reflect RSU vesting/settlement and new RSU awards rather than an open‑market buy or sell. The 14,005-share withholding is a routine tax-related disposition (not an open-market sale signaling a change in view). Some newly granted RSUs are time- or performance‑based with future vesting (e.g., vest date shown as Feb 3, 2029), so they do not represent immediately tradable stock.