MURPHY OIL CORP — Director's Dealing 2022

Feb 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MURPHY OIL CORP (MUR)
CIK: 0000717423
Period of Report: 2022-02-04

Reporting Person: Jenkins Roger W. (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-04	Common Stock	M	105023	—	Acquired	1034382	Direct
2022-02-04	Common Stock	F	41327	$34.3475	Disposed	993055	Direct
2022-02-07	Common Stock	M	220000	—	Acquired	1213055	Direct
2022-02-07	Common Stock	F	154805	$34.3475	Disposed	838250	Direct
2022-02-07	Common Stock	S	50000	$33.186	Disposed	1008250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-04	Restricted Stock Unit	$	M	94000	Disposed		Common Stock (94000)	Direct
2022-02-07	Stock Option	$17.565	M	220000	Disposed	2023-02-02	Common Stock (220000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2534	Indirect

Footnotes

F1: Represents 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 time-based grant awarded under the 2018 Long-Term Incentive Plan, the total includes 100% of the original award, plus shares equivalent in value to accumulated dividends.

F2: Shares withheld for taxes on RSU vesting.

F3: These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.

F4: 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 of February 4, 2022 of $34.3475.

F5: 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.

F6: Time-based restricted stock unit award granted under the 2018 Long-Term Incentive Plan.

F7: Award granted under the 2012 Long-Term Incentive Plan.