Nolan Jeffrey W 4
Research Summary
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Murphy Oil Director Jeffrey W. Nolan Receives 6,316 RSUs
What Happened
- Jeffrey W. Nolan, a Director of Murphy Oil Corp. (MUR), received a grant of 6,316 restricted stock units (RSUs) on Feb 4, 2026. The filing reports this as a derivative award (Transaction code A) with no cash paid (price reported $0.00). The RSUs vest on Feb 4, 2027 and the reporting person elected to defer settlement.
Key Details
- Transaction date: 2026-02-04; Filing date: 2026-02-06 (filed within the Form 4 two-business-day requirement).
- Award: 6,316 RSUs reported as acquired at $0.00 (derivative).
- Vesting: Feb 4, 2027 (per footnote F3).
- Deferral: Settlement deferred per the director’s deferral election — RSUs will be settled either after the director leaves the board or on a future date chosen in the deferral election.
- Plan: Granted under the 2021 Stock Plan for Non-Employee Directors (footnote F1).
- Other notes: The award “generally does not carry a Conversion Price, Exercisable Date, or Expiration Date” (footnote F2).
- Shares owned after transaction: Not specified in the filing.
Context
- RSUs are a deferred-equity award that convert to shares (or cash equivalent) upon vesting/settlement; no cash exchanged at grant. A director deferring settlement is a common administrative choice and does not by itself indicate a buy or sell signal. This Form 4 reports an award (not an open-market purchase or sale).