T Jay Collins - Jan 3, 2023 Form 4 Insider Report for MURPHY OIL CORP (MUR)

Role: Director
Signature: /s/ E. Ted Botner, attorney-in-fact
Stock symbol: MUR
Transactions as of: Jan 3, 2023
Transactions value $: -$314,406
Form type: 4
Date filed: 1/4/2023, 05:56 PM
Previous filing: Jan 3, 2023
Next filing: Feb 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUR	Common Stock	Options Exercise		+7.74K	+76.39%		17.9K	Jan 3, 2023	Direct	F1
transaction	MUR	Common Stock	Options Exercise	$0	+15.9K	+88.92%	$0.00	33.8K	Jan 3, 2023	Direct	F2
transaction	MUR	Common Stock	Disposed to Issuer	-$314K	-7.74K	-22.92%	$40.60	26K	Jan 3, 2023	Direct

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	Phantom Stock	Options Exercise		-7.74K	-26.65%		21.3K	Jan 3, 2023	Common Stock	7.74K		Direct	F1, F5
transaction	MUR	Restricted Stock Unit	Options Exercise	$0	-15.2K	-40.78%	$0.00	22.1K	Jan 3, 2023	Common Stock	15.2K		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Each phantom stock unit is the economic equivalent of one (1) share of Murphy Oil Corporation common stock. On January 3, 2023, 7,744 of the reporting person's phantom stock units were settled for cash.
F2	Represents Restricted Stock Units (RSUs) that have settled in shares of the Company's stock on a one-for-one basis. Pursuant to the terms of the time-based grant awarded under the 2018 Stock Plan for Non-Employee Directors, the total includes 100% of the original award, plus shares equivalent in value to accumulated dividends.
F3	These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
F4	The original vesting date was February 3, 2022. The reporting person elected to defer settlement of these restricted stock units in accordance with their 2021 deferral election form to January 1, 2023.
F5	The reported shares of phantom stock were acquired under Murphy Oil Corporation's Non-Qualified Deferred Compensation Plan for Non-Employee Directors and become payable, in cash, consistent with the Reporting Person's distribution election made at the time of deferral.