Earley Michelle A 4

What Happened

• Michelle A. Earley, a non-employee director of Murphy Oil Corp. (MUR), was granted 6,316 restricted stock units (RSUs) on Feb 4, 2026. The award is reported as a derivative grant at $0.00 per unit (no immediate cash exchanged). The RSUs vest on February 4, 2027 and Earley has elected to defer settlement until termination of board service or a future date she selected.

Key Details

• Transaction date and type: 2026-02-04 — Grant/Award of RSUs (code A); reported on Form 4 filed 2026-02-06 (timely).
• Price: $0.00 per unit (derivative award), total immediate value reported as $0.
• Shares/units granted: 6,316 RSUs.
• Vesting/settlement: Vest date Feb 4, 2027; reporting person elected to defer settlement (per footnotes).
• Footnotes: Award made under the 2021 Stock Plan for Non-Employee Directors; units have no conversion price, exercise date, or expiration date.
• Shares owned after transaction: Not specified in the filing.

Context

• RSUs are a form of deferred compensation that convert into common shares (or cash equivalent) upon vesting/settlement; they are not an open‑market purchase or sale and do not represent an immediate inflow/outflow of cash.
• Grants to directors are common as part of routine compensation and do not by themselves indicate a change in insider sentiment. The deferral election means Earley chose to delay receipt of shares until a later date (termination or chosen future date).