Form 4: Murphy Oil Director Reports Stock & Phantom Stock Holdings

Murphy Oil Director Jeffrey W. Nolan reported changes in his beneficial ownership, including the acquisition of 924 phantom stock units.

Summary

• Director Jeffrey W. Nolan reported his beneficial ownership in Murphy Oil Corporation.
• He directly owns 266,930 shares of common stock.
• Indirectly, he holds 292,012 shares as a beneficiary of a trust, 520 shares through his spouse, 21,625 shares as trustee for his children, and 31,758 shares in trust for his children for whom others are trustees.
• Nolan acquired 924 shares of phantom stock on September 30, 2025, at a price of $28.41 per share.
• Phantom stock units are economic equivalents of common stock and are acquired under the company's Non-Qualified Deferred Compensation Plan for Non-Employee Directors.
• Following this transaction, Nolan beneficially owns 34,067 phantom stock units directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: The director's acquisition of phantom stock units and the use of a 10b5-1 plan suggest a structured approach to compensation and continued alignment with the company's performance.

Positives

• Director Nolan increased his beneficial ownership of phantom stock by 924 units, indicating continued alignment with shareholder interests.
• The transaction was executed under a Rule 10b5-1(c) plan, suggesting a pre-planned and systematic approach to equity management.

Future Outlook

This Form 4 does not contain forward-looking statements or guidance.

Industry Context

This filing is a standard insider ownership disclosure for a director of an oil and gas company, reflecting individual equity management rather than broader industry trends.

Comparison to Industry Standards

• This filing is a routine disclosure of insider transactions, which is standard practice across all publicly traded companies in compliance with SEC regulations.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership includes shares held as a beneficiary of a trust, by a spouse, and as a trustee for children, which are standard disclosures for related party interests in insider ownership reports.

Stakeholder Impact

• Shareholders: The director's increased phantom stock holdings may be viewed positively as it aligns his interests with shareholder value.

Key Dates

Recommendation

This Form 4 filing is a routine disclosure of a director's beneficial ownership and a small acquisition of phantom stock units under a deferred compensation plan. It does not provide sufficient information to warrant a change in investment recommendation. The transaction is part of a pre-planned strategy (10b5-1 plan) and reflects standard director compensation, not a significant market signal for buying or selling.

Keywords

Murphy Oil, MUR, Jeffrey W. Nolan, Director, Beneficial Ownership, Form 4, Phantom Stock, Insider Trading, SEC Filing, Equity Holdings, Deferred Compensation