MURPHY OIL CORP — Director's Dealing 2024

Jan 31, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MURPHY OIL CORP (MUR)
CIK: 0000717423
Period of Report: 2024-01-31

Reporting Person: Jumawan Leyster L. (Vice President & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-01-31	Common Stock	M	1400	$28.505	Acquired	2293	Direct
2024-01-31	Common Stock	D	1400	$39.2925	Disposed	893	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-01-31	Stock Appreciation Right	$28.505	M	1400	Disposed	2024-01-31	Common Stock (1400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	44673	Indirect

Footnotes

F1: Includes 2,128 shares obtained through the Company Thrift Plan. The information in this report is based on a plan statement dated December 31, 2023.

F2: The settlement of cash-based Stock Appreciation Rights ("SARs") is treated as the simultaneous purchase of the number of shares of common stock the SARs represent and the sale of the same number of shares of common stock. The SARs settled in cash based on the average high and low price of MUR common stock on January 31, 2024. The reporting person did not receive any common shares.

F3: Award granted under the 2012 Long-Term Incentive Plan.

F4: The SARs vested 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.

F5: The SARs were only payable in cash and the reporting person did not receive any common shares.