[Form 4] Murphy Oil Corp. Insider Trading Activity

Rhea-AI Filing Summary

NACCO Industries, Inc. (NYSE: NC) filed a Form 4 reporting that non-employee director Valerie Gentile Sachs received 770 shares of the company’s Class A common stock on 07/01/2025. The shares were issued as “Required Shares” under the company’s Non-Employee Directors’ Equity Compensation Plan and are coded “A” for an acquisition that is not an open-market purchase. Following the grant, Sachs now directly owns 8,578 shares. No sales, option exercises, or derivative security transactions were disclosed, and the filing does not cite a Rule 10b5-1 trading plan. The report was signed by attorney-in-fact Matthew J. Dilluvio on 07/02/2025.

Insights

Securities Analyst

TL;DR: Routine director stock grant; immaterial impact on float or insider-sentiment.

The 770-share award represents an incremental ~0.01% of NACCO’s ~7.6 million Class A shares outstanding and raises Director Sachs’ direct stake to 8,578 shares (about 0.11% of the class). Because the grant is part of the standing equity compensation plan and not an open-market purchase, it offers limited signaling value regarding management’s outlook. No accompanying sales or derivative positions change the overall insider ownership profile. I classify the filing as neutral/not impactful for valuation or liquidity considerations.

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^*

DEMING CLAIBORNE P

(Last) (First) (Middle)

9805 KATY FREEWAY

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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								987,092	D
Common Stock								1,639,538	I	Beneficiary Of Trusts
Common Stock								50,224	I	By Spouse

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
Phantom Stock	(1)							(2)	(2)	Common Stock	60,499(3)		60,499(3)	D
Restricted Stock Unit(4)	(5)	06/30/2025		A		834		(6)(7)	(6)(7)	Common Stock	834	$0	16,566	D
Restricted Stock Unit(4)	(5)	06/30/2025		A		1,834		(5)(8)	(5)(8)	Common Stock	1,834	$0	18,400	D

Explanation of Responses:

1. Each phantom stock unit is the economic equivalent of one (1) share of Murphy Oil Corporation common stock.

2. 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.

3. Includes 910 shares obtained under Murphy Oil Corporation's Non-Qualified Deferred Compensation Plan for Non-Employee Directors. The information in this report is based on a plan statement dated June 30, 2025.

4. Restricted Stock Unit Award granted under the 2021 Stock Plan for Non-Employee Directors.

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

6. 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.

7. 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.

8. Vest date is February 5, 2026. 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.

	/s/ E. Ted Botner, attorney-in-fact	07/02/2025
	** Signature of Reporting Person	Date
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FAQ

How many NACCO (NC) shares did Director Valerie Gentile Sachs acquire on July 1, 2025?

She received 770 shares of Class A common stock.

What is Valerie Sachs’ total direct ownership in NC after the Form 4 transaction?

Her direct holdings increased to 8,578 shares.

Was the July 2025 share acquisition part of a Rule 10b5-1 trading plan?

The filing does not indicate that the transaction was made under a 10b5-1 plan.

Did the Form 4 report any sales or derivative security transactions?

No. The filing lists only an equity award; no sales or derivatives were disclosed.

What transaction code was used in the Form 4 for the share award?

Transaction code “A”, indicating an acquisition other than an open-market purchase.