Murphy Oil (NYSE: MUR) director defers 28 RSUs in lieu of cash retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Earley Michelle A reported acquisition or exercise transactions in this Form 4 filing.
Murphy Oil Corporation director Michelle A. Earley received a grant of 28 fully vested restricted stock units under the 2021 Stock Plan for Non-Employee Directors. These RSUs were issued in lieu of quarterly cash retainers and will be settled in common stock on a deferred basis, either after she leaves the Board or on a future date she previously selected. Following this award, she beneficially owns 35,595 shares underlying RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Earley Michelle A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 28 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 35,595 shares (Direct)
Footnotes (1)
- Restricted Stock Unit Award granted under the 2021 Stock Plan for Non-Employee Directors. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date. The reporting person has elected to defer settlement of restricted stock units in accordance with their deferral election form to either (1) following the reporting person's termination of service from the Board or (2) on a future date selected by the reporting person at the time of their deferral election. The shares represent fully-vested restricted stock units ("RSUs") issued in lieu of quarterly cash retainer(s) payable under Murphy Oil Corporation's Non-Employee Director Deferred Compensation Plan.
Key Figures
RSU grant: 28 restricted stock units
Post-grant holdings: 35,595 shares
Grant price: $0.0000 per unit
3 metrics
RSU grant
28 restricted stock units
Grant on March 31, 2026 to non-employee director
Post-grant holdings
35,595 shares
Shares underlying RSUs following the reported award
Grant price
$0.0000 per unit
Compensation award, not an open-market purchase
Key Terms
Restricted Stock Unit, Non-Employee Director Deferred Compensation Plan, deferral election form, fully-vested restricted stock units
4 terms
Restricted Stock Unit financial
"Restricted Stock Unit Award granted under the 2021 Stock Plan for Non-Employee Directors."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Non-Employee Director Deferred Compensation Plan financial
"issued in lieu of quarterly cash retainer(s) payable under Murphy Oil Corporation's Non-Employee Director Deferred Compensation Plan."
deferral election form financial
"in accordance with their deferral election form to either (1) following the reporting person's termination of service"
fully-vested restricted stock units financial
"The shares represent fully-vested restricted stock units ("RSUs") issued in lieu of quarterly cash retainer(s)"
FAQ
What did Murphy Oil (MUR) director Michelle A. Earley report on this Form 4?
Michelle A. Earley reported receiving 28 fully vested restricted stock units as a grant. The RSUs were awarded under Murphy Oil’s 2021 Stock Plan for Non-Employee Directors and represent deferred equity compensation instead of a cash retainer.
Is the Murphy Oil (MUR) Form 4 transaction a stock purchase or a compensation award?
The Form 4 shows a compensation-related award, not a market purchase. Earley received 28 restricted stock units as a grant in lieu of quarterly cash retainer payments, consistent with Murphy Oil’s Non-Employee Director Deferred Compensation Plan.
What plan governs the RSU award reported for Murphy Oil (MUR) director Michelle A. Earley?
The RSU award was granted under the 2021 Stock Plan for Non-Employee Directors. The filing also notes that the units are issued under Murphy Oil’s Non-Employee Director Deferred Compensation Plan in lieu of quarterly cash retainers otherwise payable in cash.
Do the restricted stock units in the Murphy Oil (MUR) filing have an exercise price or expiration date?
The filing indicates these restricted stock units generally do not carry a conversion price, exercisable date, or expiration date. They represent fully vested RSUs that will convert into Murphy Oil common stock upon the deferred settlement date chosen under plan terms.