Earley Michelle A 4

What Happened

• Michelle A. Earley, a director of Murphy Oil Corporation (MUR), was granted 28 restricted stock units (RSUs) on 2026-03-31. The reported transaction is an award/acquisition (code A) of 28 RSUs at $0.00 (no cash purchase).
• The RSUs were issued in lieu of the quarterly cash retainer under the company's Non-Employee Director Deferred Compensation Plan and are described as fully vested.

Key Details

• Transaction date: 2026-03-31; Report filed: 2026-04-01 (timely filing).
• Transaction type: Award of derivative securities (RSUs) — 28 units @ $0.00.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Important footnotes:
  • F1: RSU award granted under the 2021 Stock Plan for Non-Employee Directors.
  • F2: These RSUs generally have no conversion price, exercisable date, or expiration date (they are not options).
  • F3: The reporting person has elected to defer settlement of the RSUs until termination of Board service or a future date chosen in the deferral election.
  • F4: The RSUs represent fully-vested units issued instead of quarterly cash retainer(s).
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing.

Context

• This is a compensation award to a non-employee director, not an open-market purchase or sale; such awards are routine and reflect board compensation rather than a direct trading signal.
• Because settlement has been deferred per the director’s election, the RSUs currently represent a future right to receive shares (or equivalent value) rather than immediate transferable stock.