MUR Insider Activity: Deferred Plan Grants 1,083 Phantom Units to Director Nolan

Rhea-AI Filing Summary

Murphy Oil Corp. (MUR) – Form 4 filing dated 07/02/2025

Director Jeffrey W. Nolan reported routine activity in the company’s deferred-compensation plan. On 06/30/2025, he acquired 1,083 phantom stock units (economic equivalent of common shares) at an accounting value of $22.50 per unit under the Non-Qualified Deferred Compensation Plan for Non-Employee Directors. Following the transaction, Nolan holds 32,732 phantom stock units.

His ownership of Murphy Oil common stock remains substantial:

• Direct: 266,930 shares
• Indirect (various family trusts & spouse): 345,915 shares

Total beneficial ownership equals 612,845 common shares, plus the phantom units.

No open-market purchases or sales of Murphy Oil stock were reported; the filing reflects a compensation-related, cash-settled accrual. Accordingly, the disclosure is viewed as neutral for valuation and does not alter the company’s fundamental outlook.

Insights

Equity Research Analyst

TL;DR – Routine phantom-stock grant; neutral impact on MUR shares.

The 1,083-unit grant is part of a standing director deferral program and does not represent insider conviction through open-market buying. Nolan already owns more than 600k common shares, so the incremental economic exposure is immaterial (<1% of his total stake). Because phantom units settle in cash, there is no dilution. From a trading perspective, the filing offers no signal on near-term share performance.

Corporate Governance Specialist

TL;DR – Standard deferred-compensation election; governance practices intact.

The transaction aligns with Murphy Oil’s long-standing non-employee director compensation policy. Phantom stock keeps director interests aligned without issuing additional equity, supporting shareholder-friendly governance. There are no red flags regarding compliance or timing, and the aggregate holdings demonstrate meaningful board skin in the game.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Nolan Jeffrey W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,083	$22.50	$24K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 32,732 shares (Direct); Common Stock — 266,930 shares (Direct); Common Stock — 292,012 shares (Indirect, Beneficiary Of Trust); Common Stock — 520 shares (Indirect, By Spouse); Common Stock — 21,625 shares (Indirect, Self, Trustee For My Children); Common Stock — 31,758 shares (Indirect, Shares Held In Trust For My Children For Whom Others Are Trustee)

Footnotes (3)

1. F1. Each share of phantom stock is the economic equivalent of one (1) share of Murphy Oil Corporation common stock.
2. F2. 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. F3. Includes 476 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.

FAQ

How many Murphy Oil (MUR) shares does Director Jeffrey W. Nolan now own?

He holds 612,845 common shares (266,930 direct and 345,915 indirect) plus 32,732 phantom stock units.

What was the nature of the reported transaction on June 30 2025?

Nolan acquired 1,083 phantom stock units under the company’s Non-Qualified Deferred Compensation Plan; no common shares were bought or sold.

Does the phantom stock grant dilute existing Murphy Oil shareholders?

No. Phantom stock is cash-settled and creates no additional common shares, so there is no dilution.

Is the Form 4 filing a bullish insider signal?

The grant is routine compensation rather than a discretionary purchase, so it is generally viewed as neutral for the stock.

Why are phantom stock units used in director compensation?

They align director incentives with share price performance while avoiding share issuance and preserving shareholder equity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 07/02/2025 - 12:34 PM Learn about SEC filing dates

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^*

Nolan Jeffrey W

(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)

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								266,930	D
Common Stock								292,012	I	Beneficiary Of Trust
Common Stock								520	I	By Spouse
Common Stock								21,625	I	Self, Trustee For My Children
Common Stock								31,758	I	Shares Held In Trust For My Children For Whom Others Are Trustee

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)	06/30/2025		A		1,083		(2)	(2)	Common Stock	1,083	$22.5	32,732(3)	D

Explanation of Responses:

1. Each share of phantom stock 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 476 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.

	/s/ E. Ted Botner, attorney-in-fact	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.