[Form 4] MURPHY OIL CORP Insider Trading Activity

Rhea-AI Filing Summary

Murphy Oil (MUR) reported insider activity by its Vice President & Controller on November 11, 2025. Time‑based RSUs vested and settled into 8,331 shares of common stock, reflecting the original award plus dividend equivalents. To cover taxes, 3,279 shares were withheld at $29.42 per share. Following these transactions, the officer directly holds 20,913 common shares. Derivative holdings show 24,250 RSUs remaining after the vesting event.

Insights

Equity compensation analyst

Routine RSU vesting with tax withholding; neutral impact.

The filing shows a standard equity award vesting for a Murphy Oil officer. 8,331 shares were issued upon RSU settlement, which included dividend equivalents under the company’s 2020 Long‑Term Incentive Plan. A tax withholding of 3,279 shares at $29.42 was executed, a common mechanism to satisfy payroll taxes without open-market selling.

Post‑transaction positions are 20,913 common shares held directly and 24,250 RSUs outstanding. As this is scheduled compensation activity, it does not signal strategy or performance changes. Actual impact depends on future vesting and any subsequent dispositions disclosed in later filings.

Insider Trade Summary

7,500 shares exercised/converted

Mixed 3 txns

Insider Vaughan Paul D.

Role Vice President & Controller

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	7,500	$0.00	--
Exercise	Common Stock	8,331	$0.00	--
Tax Withholding	Common Stock	3,279	$29.42	$96K

Holdings After Transaction: Restricted Stock Unit — 24,250 shares (Direct); Common Stock — 24,192 shares (Direct)

Footnotes (1)

1. 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 2020 Long-Term Incentive Plan, the total includes 100% of the original award, plus shares equivalent in value to accumulated dividends. Shares withheld for taxes on RSU vesting. Time-based restricted stock unit award granted under the 2020 Long-Term Incentive Plan. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date. Vest date is November 11, 2025.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Vaughan Paul D.

(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 & Controller

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

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	11/11/2025		M		8,331(1)	A	(1)	24,192	D
Common Stock	11/11/2025		F(2)		3,279	D	$29.42	20,913	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
Restricted Stock Unit(3)	(1)(4)	11/11/2025		M			7,500(1)	(4)(5)	(4)(5)	Common Stock	7,500	$0	24,250	D

Explanation of Responses:

1. 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 2020 Long-Term Incentive Plan, the total includes 100% of the original award, plus shares equivalent in value to accumulated dividends.

2. Shares withheld for taxes on RSU vesting.

3. Time-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. Vest date is November 11, 2025.

	/s/ E. Ted Botner, attorney-in-fact	11/13/2025
	** 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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