Eric M. Hambly - Mar 9, 2022 Form 4 Insider Report for MURPHY OIL CORP (MUR)

Role: Executive Vice President
Signature: /s/ E. Ted Botner, attorney-in-fact
Stock symbol: MUR
Transactions as of: Mar 9, 2022
Transactions value $: -$612,324
Form type: 4
Date filed: 3/10/2022, 03:44 PM
Previous filing: Feb 8, 2022
Next filing: Mar 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUR	Common Stock	Options Exercise	$0	+17K	+15.01%	$0.00	130K	Mar 9, 2022	Direct
transaction	MUR	Common Stock	Tax liability	-$420K	-11.8K	-9.03%	$35.66	118K	Mar 9, 2022	Direct	F1
transaction	MUR	Common Stock	Sale	-$193K	-5.23K	-4.41%	$36.83	113K	Mar 10, 2022	Direct	F2

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	Stock Option	Options Exercise	$0	-17K	-100%	$0.00^*	0	Mar 9, 2022	Common Stock	17K	$17.57	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents a "net exercise" of outstanding stock options. These shares were withheld by the Company for payment of the exercise price and applicable taxes, using the average high and low price on March 9, 2022 of $35.6600.
F2	The sales reported in this Form 4 were made pursuant to a previously adopted trading plan on February 7, 2022, which is intended to comply with Rule 10b5-1.
F3	Award granted under the 2012 Long-Term Incentive Plan.
F4	The option vests in two equal installments, the first half two years after the original grant date and the final half three years after the original grant date.