Form 4: Murphy Oil Corp Executive E. Ted Botner Reports Stock Transactions

E. Ted Botner, EVP General Counsel & Corp Sec of Murphy Oil Corp, reports acquisition and disposal of company stock and derivative securities.

Summary

• E. Ted Botner, an executive at Murphy Oil Corp, filed a Form 4 detailing changes in beneficial ownership of the company's securities.
• On February 4, 2025, Botner acquired 40,615 shares of common stock through the vesting of performance-based Restricted Stock Units (RSUs).
• Also on February 4, 2025, 15,983 shares were withheld for taxes related to the PSU vesting at a price of $25.98.
• On February 6, 2025, Botner acquired 10,000 shares of common stock at $26.0264.
• Following these transactions, Botner directly owns 198,837 shares of common stock and indirectly owns 17,776 shares through a company thrift plan and as custodian for a child's UTMA account.
• Botner also reports ownership of 47,580 Performance Stock Units and 37,270 Restricted Stock Units.
• 46,190 Performance Stock Units were acquired on 02/04/2025.
• 15,400 Restricted Stock Units were acquired on 02/04/2025 and will vest on February 4, 2028.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of performance-based RSUs suggests that the company has met certain performance targets.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions reported in the Form 4 may influence investor perception of the company.

Key Dates

Keywords

Form 4, beneficial ownership, stock, Murphy Oil Corp, RSU, PSU, E. Ted Botner