Nolan Jeffrey W 4

What Happened Jeffrey W. Nolan, a director of Murphy Oil Corporation, was awarded 667 derivative shares (phantom stock / restricted stock units) on 2026-03-31. The Form 4 reports the acquisition as 667 shares at $0.00 (transaction code A — award/grant). These are derivative awards rather than an open‑market purchase or sale; the filing lists no cash paid at grant.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (appears timely).
• Reported amount: 667 phantom shares / RSUs acquired; acquisition price shown as $0.00.
• Footnotes: F1–F7 state these phantom shares are economically equivalent to common stock, were granted under the Non‑Qualified Deferred Compensation Plan for Non‑Employee Directors and the 2021 Stock Plan, may be payable in cash per the director’s distribution election, and some represent fully‑vested RSUs issued in lieu of quarterly cash retainer(s). The filing references a plan statement dated March 31, 2026 and notes 354 shares obtained under the deferred comp plan.
• Shares owned after transaction: the filing does not report total common stock holdings; it reports only the 667 deferred/phantom/RSU units acquired.
• Transaction code: A (Award/Grant). Not an open‑market trade; no tax‑withholding sale or exercise reported here.

Context These are deferred/phantom equity awards — essentially bookkeeping units that mirror the economic value of common shares and, per the filing, will be settled in cash consistent with the director’s deferral election (either after leaving the board or on a future date chosen). Because this was an award (not a purchase or sale), it should not be read as a direct market buy or sell signal; it reflects standard director compensation via deferred/phantom RSUs.