Keller Elisabeth W 4

What Happened

• Elisabeth W. Keller, a director of Murphy Oil Corp (MUR), received a grant of 6,316 restricted stock units (RSUs) on 2026-02-04 and, on 2026-02-05, had derivative securities converted/settled into 7,886 shares. On the same day 7,497 shares were reported disposed (reported at $0.00), resulting in a net receipt of 389 shares. No dollar values are shown for the conversions/settlement.

Key Details

• Grant (A): 6,316 RSUs granted on 2026-02-04 (reported as $0.00; vest date noted in footnote).
• Conversion/Exercise (M): 7,886 shares acquired via conversion/settlement on 2026-02-05.
• Disposal (M): 7,497 shares disposed on 2026-02-05 (reported at $0.00); net +389 shares from the settlement.
• Shares owned after transaction: Not stated in this Form 4.
• Filing: Form filed 2026-02-06 for transactions on 2026-02-04–02-05 (filed within the typical 2-business-day reporting window).
• Relevant footnotes:
  • F1: Some RSUs vested and were settled one-for-one as shares; settlement included dividend-equivalent shares.
  • F2: The award is an RSU under the 2021 Stock Plan for Non-Employee Directors.
  • F3: These derivative securities typically have no conversion price, exercisable date, or expiration.
  • F4: The new RSU grant lists a vest date of Feb 4, 2027.

Context

• This filing reflects director compensation activity (RSU grant + settlement), not an open-market buy or sell. The disposal reported at $0.00 is consistent with shares being surrendered upon settlement (commonly for tax withholding), but the Form 4 shows it as a derivative disposition rather than a market sale. Such awards and settlements are routine and do not by themselves indicate personal bullish or bearish trading intent.