E. TED BOTNER - 04 Feb 2022 Form 4 Insider Report for MURPHY OIL CORP (MUR)

Role: SVP General Counsel & Corp Sec
Signature: /s/ E. Ted Botner, attorney-in-fact
Issuer symbol: MUR
Transactions as of: 04 Feb 2022
Net transactions value: -$576,521
Form type: 4
Filing time: 08 Feb 2022, 16:46:25 UTC
Previous filing: 02 Feb 2022
Next filing: 02 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUR	Common Stock	Options Exercise	$0	+8,938	+12%	$0.000000	81,785	04 Feb 2022	Direct	F1
transaction	MUR	Common Stock	Tax liability	$120,800	-3,517	-4.3%	$34.35	78,268	04 Feb 2022	Direct	F2
transaction	MUR	Common Stock	Options Exercise	$0	+12,000	+15%	$0.000000	90,268	07 Feb 2022	Direct
transaction	MUR	Common Stock	Tax liability	$290,030	-8,444	-9.4%	$34.35	81,824	07 Feb 2022	Direct	F3
transaction	MUR	Common Stock	Sale	$165,691	-4,881	-6%	$33.95	76,943	07 Feb 2022	Direct
holding	MUR	Common Stock						10,000	04 Feb 2022	As custodian for child's UTMA account
holding	MUR	Common Stock						6,497	04 Feb 2022	Trustee of Company Thrift Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MUR	Restricted Stock Unit	Options Exercise	$0	-8,000	-17%	$0.000000	40,200	04 Feb 2022	Common Stock	8,000		Direct	F1, F4, F5
transaction	MUR	Stock Option	Options Exercise	$0	-12,000	-100%	$0.000000^*	0	07 Feb 2022	Common Stock	12,000	$17.56	Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents Restricted Stock Units (RSUs) that have vested and settled in shares of the Company's stock on a one-for-one basis. Pursuant to the terms of the time-based grant awarded under the 2018 Long-Term Incentive Plan, the total includes 100% of the original award, plus shares equivalent in value to accumulated dividends.
F2	Shares withheld for taxes on RSU vesting.
F3	Represents a "net exercise" of outstanding stock options. These shares were withheld by the Company for payment of the exercise price and applicable taxes, using the average high and low price of February 4, 2022 of $34.3475.
F4	Time-based restricted stock unit award granted under the 2018 Long-Term Incentive Plan.
F5	These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
F6	Award granted under the 2012 Long-Term Incentive Plan.
F7	The option vests in two equal installments, the first half two years after the original grant date and the final half three years after the original grant date.