MURPHY OIL CORP — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MURPHY OIL CORP (MUR)
CIK: 0000717423
Period of Report: 2023-01-03

Reporting Person: COLLINS T JAY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-03	Common Stock	M	7744	—	Acquired	17881	Direct
2023-01-03	Common Stock	M	15900	—	Acquired	33781	Direct
2023-01-03	Common Stock	D	7744	$40.60	Disposed	26037	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-03	Phantom Stock	$	M	7744	Disposed		Common Stock (7744)	Direct
2023-01-03	Restricted Stock Unit	$	M	15221	Disposed		Common Stock (15221)	Direct

Footnotes

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.