Neal E. Schmale - May 10, 2023 Form 4 Insider Report for MURPHY OIL CORP (MUR)

Signature
/s/ E. Ted Botner, attorney-in-fact
Stock symbol
MUR
Transactions as of
May 10, 2023
Transactions value $
-$1,059,842
Form type
4
Date filed
5/12/2023, 04:06 PM
Previous filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MUR Common Stock Options Exercise +34K +15.11% 259K May 10, 2023 Direct F1
transaction MUR Common Stock Options Exercise +31.2K +12.05% 290K May 10, 2023 Direct F2
transaction MUR Common Stock Disposed to Issuer -$1.06M -31.2K -10.75% $33.99 259K May 10, 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 Restricted Stock Unit Options Exercise $0 -7.16K -17.01% $0.00 34.9K May 10, 2023 Common Stock 7.16K Direct F1, F3, F4, F5
transaction MUR Restricted Stock Unit Options Exercise $0 -8.85K -25.37% $0.00 26.1K May 10, 2023 Common Stock 8.85K Direct F1, F3, F4, F6
transaction MUR Restricted Stock Unit Options Exercise $0 -15.2K -58.43% $0.00 10.8K May 10, 2023 Common Stock 15.2K Direct F1, F3, F4, F7
transaction MUR Phantom Stock Options Exercise -31.2K -78.64% 8.47K May 10, 2023 Common Stock 31.2K Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Neal E. Schmale is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units (RSUs) that have settled in shares of the Company's stock on a one-for-one basis due to the retirement of the reporting person on May 10, 2023.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.
F2 Each phantom stock unit is the economic equivalent of one (1) share of Murphy Oil Corporation common stock. On May 10, 2023, due to the retirement of the reporting person, 31,181 of the reporting person's phantom stock units were settled for cash.
F3 Restricted Stock Unit Award granted under the 2018 Stock Plan for Non-Employee Directors.
F4 These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
F5 The original vesting date was February 4, 2022. The reporting person elected to defer settlement of these restricted stock units in accordance with their 2019 deferral election form to May 10, 2023.
F6 The original vesting date was February 5, 2021. The reporting person elected to defer settlement of these restricted stock units in accordance with their 2020 deferral election form to May 10, 2023.
F7 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 May 10, 2023.
F8 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.