DEMING CLAIBORNE P 4

What Happened
Claiborne P. Deming, a Murphy Oil (MUR) non‑employee director, was granted a total of 1,843 derivative awards on June 30, 2026: 1,267 phantom stock units and 576 restricted stock units (RSUs). Each unit was granted at $0.00 (no purchase price); as derivative awards their reported acquisition value is $0. These awards are reported as "A" (grant/award) on the Form 4 and are economic equivalents to common shares rather than open‑market purchases.

Key Details

• Transaction date: June 30, 2026; Filing date: July 2, 2026.
• Grants: 1,267 phantom stock units (F1/F2) and 576 RSUs (F4/F6); total 1,843 units. Price: $0.00 per unit; reported value $0.
• Derivative / settlement: Phantom units are cash‑settled equivalents of one share each (F1/F2). RSUs may be deferred for cash settlement per the director's deferral election (F6). Some RSUs were issued in lieu of quarterly cash retainer and are fully vested (F7). One grant has a stated vest date of Feb 4, 2027 (F8).
• Shares owned after transaction: Not specified in the filing.
• Notable plan references: Non‑Qualified Deferred Compensation Plan for Non‑Employee Directors; 2026 Stock Plan for Non‑Employee Directors.
• Filing timeliness: Filed within the Form 4 reporting window (no late filing indicated).

Context
These awards are grants of deferred/phantom stock and RSUs, not open‑market purchases or sales. Phantom units and deferred RSUs generally pay out in cash (per the director’s election) and therefore do not immediately increase share count outstanding. Such awards are routine compensation for non‑employee directors and are informational rather than a direct market buy or sell signal.