Riaz Atif 4

What Happened

• Riaz Atif, Vice President & Treasurer of Murphy Oil (MUR), had derivative awards convert/settle and was granted additional restricted stock units (RSUs) on Feb 3, 2026. The filing shows:
  • 3,717 shares acquired via exercise/conversion of a derivative.
  • Two RSU awards/grants of 7,490 units each (derivative awards) were reported as acquisitions (total 14,980 units).
  • 1,570 shares were withheld to cover tax liabilities (reported as a disposition) at $30.05 per share, totaling $47,173.
  • An additional 4,160 derivative units were reported as disposed with $0 cash proceeds (reported as a conversion/derivative disposition).
• These transactions reflect vested/settled performance-based units and new time- and performance-based RSU awards; the tax withholding is a routine payroll tax cover.

Key Details

• Transaction date: February 3, 2026; Form 4 filed Feb 5, 2026 (timely within required window).
• Reported prices/values: tax withholding 1,570 shares @ $30.05 = $47,173; other derivative entries reported at $0 or N/A per the filing.
• Shares acquired/awarded on filing: 3,717 shares settled plus two awards of 7,490 RSUs each (total reported units involved = 18,697); 1,570 shares withheld for taxes; 4,160 derivative units reported disposed at $0.
• Ownership after transaction: not provided in the supplied summary.
• Notable footnotes included in the filing:
  • F1/F3/F7: Performance-based RSU/PSU awards (2020 and 2025 Long-Term Incentive Plans); F1 notes vesting/settlement one-for-one and includes dividend-equivalent shares (80% payout for the 2020 grant).
  • F2: Shares withheld to satisfy tax withholding on PSU vesting.
  • F4: Certain derivative securities have no conversion price, exercise date, or expiration.
  • F5/F6: Time-based RSU award under 2025 plan with a vest date of Feb 3, 2029.
• Filing timeliness: Timely (filed 2 days after the reported transactions).

Context

• Tax withholding (reported as a disposition) is a routine administrative action when RSUs/PSUs vest and does not necessarily indicate a voluntary sale for investment reasons.
• The filing includes both settled/converted derivative units (some immediately settled into shares) and newly granted RSU/PSU awards that may vest in the future — grants are not equivalent to open-market purchases and signify compensation rather than an independent purchase signal.
• Derivative entries reported at $0 or “N/A” typically reflect unit awards or conversions that do not involve a cash exercise price.