Form 4: Murphy Oil Corp Director Nolan Reports Changes in Beneficial Ownership

Director Jeffrey W. Nolan reports changes in beneficial ownership of Murphy Oil Corp stock, including acquisitions of phantom stock and holdings through trusts.

Summary

• Jeffrey W. Nolan, a director of Murphy Oil Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates acquisitions of phantom stock under Murphy Oil Corporation's Non-Qualified Deferred Compensation Plan for Non-Employee Directors.
• Nolan directly owns 266,930 shares of common stock.
• He also indirectly owns 283,252 shares as a beneficiary of a trust, 520 shares by spouse, 20,385 shares as self trustee for his children, and 31,758 shares held in trust for his children for whom others are trustee.
• He acquired 666 shares of phantom stock on September 30, 2024, at a price of $33.74 per share.
• The phantom stock is payable in cash, consistent with Nolan's distribution election made at the time of deferral.
• He holds 28,970 derivative securities.
• The report includes 237 shares obtained under Murphy Oil Corporation's Non-Qualified Deferred Compensation Plan for Non-Employee Directors.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing changes in stock ownership.

Future Outlook

The phantom stock acquired will become payable in cash, consistent with the Reporting Person's distribution election made at the time of deferral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a company director.

Key Dates