SUGG LAURA A 4

What Happened
Laura A. Sugg, a director of Murphy Oil Corporation (MUR), received a grant/award of 6,316 derivative units on February 4, 2026. The Form 4 reports an acquisition at $0.00 per unit (i.e., an award rather than a market purchase). The units are economic equivalents of common shares (phantom stock) and restricted stock units (RSUs) provided under the company’s non‑employee director plans.

Key Details

• Transaction date: 2026-02-04; Form filed on 2026-02-06 (timely filing).
• Reported transaction: 6,316 units, grant/award (code A), reported price $0.00.
• Units are derivative awards (phantom stock and RSUs) — not open‑market purchases or sales.
• Footnotes:
  • Phantom stock = economic equivalent of one common share (F1).
  • Phantom stock payables will be paid in cash per the director’s deferral election (F2).
  • 171 of the reported units were previously obtained under the deferred compensation plan; info based on a plan statement dated 12/31/2025 (F3).
  • The RSU portion was granted under the 2021 Stock Plan for Non‑Employee Directors; vest date is Feb 4, 2027 (F4, F6).
  • These securities generally have no conversion price, exercisable date, or expiration (F5).
• Filing does not state total common shares owned by the reporting person after this award.

Context
This is a routine director compensation award (phantom stock/RSUs), common for non‑employee directors. Such awards are compensation and do not represent an open‑market purchase (which some investors view as a stronger bullish signal). Phantom units typically pay out in cash per deferral elections and RSUs here are subject to a one‑year vesting date or deferred settlement per the director’s election.