Earley Michelle A 4

What Happened

• Michelle A. Earley, a director of Murphy Oil Corporation (MUR), was granted 35 restricted stock units (RSUs) on June 30, 2026. The Form 4 reports the award as a derivative acquisition (code A) at $0.00 per unit; the RSUs were issued in lieu of a quarterly cash retainer and are fully vested.

Key Details

• Transaction date: 2026-06-30; Filing date (Form 4): 2026-07-02 (appears timely under Form 4 rules).
• Reported amount: 35 RSUs; reported price: $0.00 (typical for RSU grants reported as awards).
• Shares owned after transaction: Not specified in the filing.
• Footnotes from the filing:
  • F1: Award granted under the 2026 Stock Plan for Non-Employee Directors.
  • F2: These securities generally do not carry a conversion price, exercisable date, or expiration date.
  • F3: The reporting person elected to defer settlement of the RSUs until termination of Board service or a future date selected in the deferral election.
  • F4: RSUs represent fully-vested units issued in lieu of quarterly cash retainer(s) under the Non-Employee Director Deferred Compensation Plan.

Context

• This was an award/grant of RSUs (not an open-market purchase or sale). Because the RSUs were issued in lieu of cash and settlement has been deferred per the director’s election, the grant does not necessarily indicate an immediate change in holding or immediate cash proceeds. Such director awards are routine compensation for non-employee directors.