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MURPHY OIL CORP·4

Jul 2, 4:14 PM ET

Nolan Jeffrey W 4

Research Summary

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Murphy Oil (MUR) Director Jeffrey W. Nolan Sells 2,174 Shares

What Happened

  • Jeffrey W. Nolan, a director of Murphy Oil Corporation (MUR), had 2,174 phantom stock units cashed out on July 1, 2026 for $68,503 (disposition to the issuer). On June 30, 2026 he was also granted 845 restricted stock units (RSUs) under the 2026 Stock Plan for Non-Employee Directors.
  • The 2,174-unit transaction was a cash settlement of deferred/phantom stock (a disposition to the issuer), not an open-market sale of company shares. The 845 RSUs were granted at $0.00 (standard award/derivative grant).

Key Details

  • Transaction dates and amounts:
    • June 30, 2026: Grant of 845 RSUs (awarded under Non-Employee Director 2026 Stock Plan; recorded as $0.00).
    • July 1, 2026: Settlement/exercise/conversion of 2,174 phantom stock units; cash payment to reporting person of $68,503 (reported sale/disposition to issuer).
  • Price/value: 2,174 units settled for a total of $68,503 (reported price $31.51 per share equivalent).
  • Shares owned after transaction: Not disclosed in this filing.
  • Footnotes of note:
    • Phantom stock units are economic equivalents of common shares and were paid in cash per the director’s deferred compensation elections (F1, F6).
    • The RSUs were granted under the 2026 Stock Plan for Non-Employee Directors (F2) and may be subject to the director’s deferral election (F4); some RSUs can represent vested units issued in lieu of quarterly cash retainers (F5).
    • The reporting indicates these derivative-type securities generally do not carry a conversion price, exercisable date, or expiration date (F3).
  • Filing timeliness: Form was filed July 2, 2026 for transactions through July 1, 2026 (appears timely based on reported dates).

Context

  • This was a cash settlement of deferred compensation (phantom stock units) rather than an open-market sale of shares; such settlements are common for deferred compensation plans and reflect payout of previously earned units.
  • The RSU grant is an award to a non-employee director and may be deferred per the director’s election; awards and cash-settled deferred units do not necessarily signal buying or selling sentiment like open-market trades.