RYAN ROBERT N JR 4

What Happened

• Ryan Robert N Jr, a director of Murphy Oil (MUR), had a mix of RSU award and derivative transactions in early February 2026. The Form 4 shows an award of 6,316 restricted stock units (RSUs) on Feb 4, 2026 (reported at $0.00), an exercise/conversion of 7,886 derivative shares (acquired) on Feb 5, 2026, and a disposition of 7,497 derivative shares on Feb 5, 2026. The filing lists $0.00 or N/A prices for these items, consistent with RSU settlement and derivative conversions rather than open‑market cash purchases.

Key Details

• Transaction dates: Feb 4, 2026 (6,316 RSU award); Feb 5, 2026 (exercise/conversion of 7,886 shares acquired; disposition/sale of 7,497 shares).
• Reported prices/values: Award and conversions listed at $0.00 or N/A in the Form 4 (typical for RSU settlements/derivative conversions).
• Shares owned after transaction: Not specified in this filing.
• Relevant footnotes from the filing:
  • F1: Some securities represent RSUs that vested and settled one‑for‑one, including dividend‑equivalent shares.
  • F2: The award is a Restricted Stock Unit granted under the 2021 Stock Plan for Non‑Employee Directors.
  • F3: These securities generally do not carry a conversion price, exercisable date, or expiration date.
  • F4: A listed vest date for certain RSUs is February 4, 2027 (as noted in the filing).
• Filing timeliness: Form 4 was filed Feb 6, 2026 covering Feb 4–5 transactions; the filing shows no indication of a late report.

Context

• Code guide: A = award/grant (RSU award); M = exercise/conversion of a derivative security. Derivative exercises and RSU settlements often appear with $0 or N/A values on Form 4 because they are conversions/settlements, not open‑market purchases.
• The entry shows both acquisition (award/conversion) and a near‑term disposition (7,497 shares sold/disposed on Feb 5). Form 4 data are factual records of transactions and do not by themselves explain the insider’s motivation.