Eric M. Hambly - Mar 21, 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 21, 2022
Transactions value $: -$525,030
Form type: 4
Date filed: 3/22/2022, 04:58 PM
Previous filing: Mar 10, 2022
Next filing: Nov 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUR	Common Stock	Options Exercise	$0	+13K	+11.48%	$0.00	126K	Mar 21, 2022	Direct
transaction	MUR	Common Stock	Tax liability	-$431K	-10.7K	-8.47%	$40.29	116K	Mar 21, 2022	Direct	F1
transaction	MUR	Common Stock	Sale	-$94.2K	-2.31K	-1.99%	$40.86	113K	Mar 22, 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	-13K	-100%	$0.00^*	0	Mar 21, 2022	Common Stock	13K	$28.51	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 21, 2022 of $40.2850.
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.