Murphy Oil (MUR) director reports updated stock, phantom units and RSU awards

Rhea-AI Filing Summary

Murphy Oil Corporation director reports updated equity holdings and deferred awards. The filing shows the director holding 987,092 shares of common stock directly, 1,639,538 shares indirectly as beneficiary of trusts, and 50,224 shares indirectly through a spouse. The report also details phantom stock units, where each unit is the economic equivalent of one share of Murphy Oil common stock, acquired under the Non‑Qualified Deferred Compensation Plan for Non‑Employee Directors and payable in cash according to prior distribution elections.

Additionally, the director received restricted stock unit awards under the 2021 Stock Plan for Non‑Employee Directors, with some RSUs issued in lieu of quarterly cash retainers. Certain RSUs vest on February 5, 2026, and the director has elected to defer settlement until after board service ends or a future date chosen in advance.

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)
12/31/2025

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	61,889(3)		61,889(3)	D
Restricted Stock Unit(4)	(5)	12/31/2025		A		1,320		(6)(7)	(6)(7)	Common Stock	1,320	$0	21,832	D
Restricted Stock Unit(4)	(5)	12/31/2025		A		600		(5)(8)	(5)(8)	Common Stock	600	$0	22,432	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 630 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 December 31, 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	01/05/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Murphy Oil (MUR) report in this Form 4?

The report shows a Murphy Oil director updating holdings in common stock, phantom stock units, and restricted stock units, including new RSUs granted under the 2021 Stock Plan for Non‑Employee Directors.

How many Murphy Oil (MUR) shares does the reporting director own directly and indirectly?

The director holds 987,092 shares of Murphy Oil common stock directly, 1,639,538 shares indirectly as beneficiary of trusts, and 50,224 shares indirectly through a spouse.

What are the phantom stock units reported for Murphy Oil (MUR)?

Each phantom stock unit is the economic equivalent of one share of Murphy Oil common stock and was acquired under the Non‑Qualified Deferred Compensation Plan for Non‑Employee Directors, with payment in cash according to the director’s distribution election.

What restricted stock units were granted to the Murphy Oil (MUR) director?

The director received restricted stock unit awards under the 2021 Stock Plan for Non‑Employee Directors, including RSUs issued in lieu of quarterly cash retainers and additional RSUs reported as acquired on December 31, 2025.

When do the reported Murphy Oil (MUR) restricted stock units vest and settle?

Some restricted stock units have a vest date of February 5, 2026. The director has elected to defer settlement until after leaving the board or to a future date selected in their deferral election.

Are the Murphy Oil (MUR) deferred compensation securities immediately exercisable?

The filing notes that these deferred compensation securities generally do not carry a conversion price, exercisable date, or expiration date and are settled according to the director’s deferral elections.