[Form 4] MURPHY OIL CORP Insider Trading Activity

Rhea-AI Filing Summary

Murphy Oil Vice President & Treasurer Riaz Atif reported equity compensation activity and related tax withholding. On February 3, 2026, 4,160 performance stock units vested and converted into common stock, contributing to 3,717 common shares acquired through an option-related transaction.

The filing also shows a grant of 7,490 time-based restricted stock units under the 2025 Long-Term Incentive Plan, scheduled to vest on February 3, 2029, and 7,490 performance-based restricted stock units under the same plan. To cover taxes on PSU vesting, 1,570 common shares were withheld at $30.0467 per share. After these transactions, Atif directly owned 14,747 common shares, plus derivative holdings of performance and restricted stock units.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Riaz Atif

(Last) (First) (Middle)

9805 KATY FREEWAY

G-200

(Street)

HOUSTON TX 77024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MURPHY OIL CORP [ MUR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/03/2026		M		3,717(1)	A	(1)	16,317	D
Common Stock	02/03/2026		F(2)		1,570	D	$30.0467	14,747	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Unit(3)	(4)	02/03/2026		M			4,160(1)	(4)	(4)	Common Stock	4,160	$0	12,820	D
Restricted Stock Unit(5)	(4)	02/03/2026		A		7,490		(4)(6)	(4)(6)	Common Stock	7,490	$0	26,030	D
Performance Stock Unit(7)	(4)	02/03/2026		A		7,490		(4)	(4)	Common Stock	7,490	$0	20,310	D

Explanation of Responses:

1. Represents performance-based 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 performance-based grant awarded under the 2020 Long-Term Incentive Plan, the total includes 80% of the original award, plus shares equivalent in value to accumulated dividends.

2. Shares withheld for taxes on PSU vesting.

3. Performance-based restricted stock unit award granted under the 2020 Long-Term Incentive Plan.

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

5. Time-based restricted stock unit award granted under the 2025 Long-Term Incentive Plan.

6. Vest date is February 3, 2029.

7. Performance-based restricted stock unit award granted under the 2025 Long-Term Incentive Plan.

	/s/ E. Ted Botner, attorney-in-fact	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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