BOTNER E TED

BOTNER E TED, Senior Vice President, General Counsel & Corporate Secretary, has engaged in a clear pattern of net selling in Murphy Oil Corporation (MUR) shares over the past several years, according to SEC Form 4 filings. Since 2024, Botner has executed sales totaling approximately $2.98 million across multiple transactions, including a $1.73 million disposition on February 6, 2024, and a $415,238 sale on February 4, 2025. These sales were periodically offset by a single acquisition—a $260,264 purchase on February 6, 2025, coded as an "I" transaction, likely representing an incentive award. The most recent filings from early 2026 show continued dispositions, including a $190,286 sale on February 3, 2026, and a $165,007 transaction on January 30, 2026. The filings reveal a consistent trend of reducing holdings in MUR, with no recent purchases recorded. The transactions, often clustered around late January and early February, suggest a possible alignment with scheduled vesting events or tax planning. While the sales have been substantial—ranging from six-figure to seven-figure amounts—the absence of open-market buys indicates a lack of accumulation activity. Botner’s trading history reflects a disciplined approach to monetizing equity, with no trades in other companies, underscoring a singular focus on MUR. The data does not indicate whether these sales represent a strategic reduction or routine portfolio management, but the multiyear pattern leans decisively toward divestment.