Roger W. Jenkins - Feb 1, 2022 Form 4 Insider Report for MURPHY OIL CORP (MUR)

Role: President & CEO
Signature: /s/ E. Ted Botner, attorney-in-fact
Stock symbol: MUR
Transactions as of: Feb 1, 2022
Transactions value $: -$3,463,025
Form type: 4
Date filed: 2/2/2022, 08:41 PM
Next filing: Feb 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUR	Common Stock	Options Exercise	$0	+274K	+35.87%	$0.00	1.04M	Feb 1, 2022	Direct	F1
transaction	MUR	Common Stock	Tax liability	-$3.46M	-108K	-10.4%	$32.12	929K	Feb 1, 2022	Direct	F2
holding	MUR	Common Stock						2.53K	Feb 1, 2022	Trustee Of Company Thrift Plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MUR	Performance Stock Unit	Award	$0	+175K	+18.5%	$0.00	1.12M	Feb 1, 2022	Common Stock	175K		Direct	F4, F5
transaction	MUR	Restricted Stock Unit	Award	$0	+58.4K	+18.54%	$0.00	373K	Feb 1, 2022	Common Stock	58.4K		Direct	F5, F6, F7
transaction	MUR	Performance Stock Unit	Options Exercise	$0	-283K	-25.22%	$0.00	839K	Feb 1, 2022	Common Stock	283K		Direct	F1, F5, F8
holding	MUR	Phantom Stock Unit						8.18K	Feb 1, 2022	Common Stock	8.18K		Direct	F9, F10, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents performance-based Restricted Stock Units (RSUs) that have vested and settled in shares of the Company's stock on a one-for-one basis. Pursuant to the terms of the performance-based grant awarded under the 2018 Long-Term Incentive Plan, the total includes 86.6% of the original award, plus shares equivalent in value to accumulated dividends.
F2	Shares withheld for taxes on RSU vesting.
F3	Includes 255 shares obtained through the Company Thrift Plan. The information in this report is based on a plan statement dated December 31, 2021.
F4	Performance-based restricted stock unit award granted under the 2020 Long-Term Incentive Plan.
F5	These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
F6	Time-based Restricted Stock Unit award granted under the 2020 Long-Term Incentive Plan.
F7	Vest date is February 1, 2025.
F8	Performance-based restricted stock unit award granted under the 2018 Long-Term Incentive Plan.
F9	Each phantom stock unit is the economic equivalent of one (1) share of Murphy Oil Corporation common stock.
F10	The reported phantom stock units were acquired under Murphy Oil Corporation's excess benefit plan and are to be settled upon the reporting person's retirement or other termination of service. The reporting person may transfer the value of his phantom stock units into an alternative investment account at any time prior to settlement.
F11	Includes 937 shares obtained under the Murphy Oil Corporation's excess benefit plan. The information in this report is based on a plan statement dated December 31, 2021.