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Murphy Oil Corp. – ‘10-Q’ for 6/30/21 – ‘EX-10.27’

On:  Thursday, 8/5/21, at 6:21am ET   ·   For:  6/30/21   ·   Accession #:  717423-21-39   ·   File #:  1-08590

Previous ‘10-Q’:  ‘10-Q’ on 5/6/21 for 3/31/21   ·   Next:  ‘10-Q’ on 11/4/21 for 9/30/21   ·   Latest:  ‘10-Q’ on 5/2/24 for 3/31/24   ·   3 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/05/21  Murphy Oil Corp.                  10-Q        6/30/21   83:9.5M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.01M 
 2: EX-10.27    Material Contract                                   HTML     29K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     25K 
12: R1          Cover Page                                          HTML     76K 
13: R2          Consolidated Balance Sheets (Unaudited)             HTML    157K 
14: R3          Consolidated Balance Sheets (Unaudited)             HTML     42K 
                (Parenthetical)                                                  
15: R4          Consolidated Statements of Operations (Unaudited)   HTML    175K 
16: R5          Consolidated Statements of Comprehensive Income     HTML     54K 
                (Unaudited)                                                      
17: R6          Consolidated Statements of Cash Flows (Unaudited)   HTML    131K 
18: R7          Consolidated Statements of Stockholders' Equity     HTML     98K 
                (Unaudited)                                                      
19: R8          Consolidated Statements of Stockholders' Equity     HTML     39K 
                (Unaudited) (Parenthetical)                                      
20: R9          Nature of Business and Interim Financial            HTML     29K 
                Statements                                                       
21: R10         New Accounting Principles and Recent Accounting     HTML     36K 
                Pronouncements                                                   
22: R11         Revenue from Contracts with Customers               HTML    106K 
23: R12         Property, Plant and Equipment                       HTML     63K 
24: R13         Assets Held for Sale and Discontinued Operations    HTML     60K 
25: R14         Financing Arrangements and Debt                     HTML     32K 
26: R15         Other Financial Information                         HTML     41K 
27: R16         Employee and Retiree Benefit Plans                  HTML     74K 
28: R17         Incentive Plans                                     HTML     53K 
29: R18         Earnings Per Share                                  HTML     43K 
30: R19         Income Taxes                                        HTML     33K 
31: R20         Financial Instruments and Risk Management           HTML     81K 
32: R21         Accumulated Other Comprehensive Loss                HTML     41K 
33: R22         Environmental and Other Contingencies               HTML     31K 
34: R23         Business Segments                                   HTML     74K 
35: R24         Leases                                              HTML    148K 
36: R25         New Accounting Principles and Recent Accounting     HTML     29K 
                Pronouncements (Policies)                                        
37: R26         Revenue from Contracts with Customers (Tables)      HTML     99K 
38: R27         Property, Plant and Equipment (Tables)              HTML     64K 
39: R28         Assets Held for Sale and Discontinued Operations    HTML     60K 
                (Tables)                                                         
40: R29         Other Financial Information (Tables)                HTML     41K 
41: R30         Employee and Retiree Benefit Plans (Tables)         HTML     69K 
42: R31         Incentive Plans (Tables)                            HTML     52K 
43: R32         Earnings Per Share (Tables)                         HTML     45K 
44: R33         Income Taxes (Tables)                               HTML     28K 
45: R34         Financial Instruments and Risk Management (Tables)  HTML     81K 
46: R35         Accumulated Other Comprehensive Loss (Tables)       HTML     40K 
47: R36         Business Segments (Tables)                          HTML     70K 
48: R37         Leases (Tables)                                     HTML    108K 
49: R38         Nature of Business and Interim Financial            HTML     30K 
                Statements - Narrative (Details)                                 
50: R39         Revenue from Contracts with Customers (Narrative)   HTML     36K 
                (Details)                                                        
51: R40         Revenue from Contracts with Customers               HTML     69K 
                (Disaggregation of Revenue) (Details)                            
52: R41         Revenue from Contracts with Customers (Current      HTML     55K 
                Long-Term Contracts Outstanding) (Details)                       
53: R42         Property, Plant and Equipment (Net Changes in       HTML     31K 
                Capitalized Exploratory Well Costs) (Details)                    
54: R43         Property, Plant and Equipment (Narrative)           HTML     47K 
                (Details)                                                        
55: R44         Property, Plant and Equipment (Aging of             HTML     44K 
                Capitalized Exploratory Well Costs) (Details)                    
56: R45         Property, Plant and Equipment (Schedule of          HTML     33K 
                Recognized Impairments) (Details)                                
57: R46         Assets Held for Sale and Discontinued Operations    HTML     52K 
                (Results of Operations Associated with                           
                Discontinued Operations) (Details)                               
58: R47         Assets Held for Sale and Discontinued Operations    HTML     63K 
                (Major Categories of Assets and Liabilities                      
                Reflected as Held for Sale) (Details)                            
59: R48         Financing Arrangements and Debt (Narrative)         HTML     65K 
                (Details)                                                        
60: R49         Other Financial Information (Noncash Operating      HTML     52K 
                Working Capital (Increase) Decrease) (Details)                   
61: R50         Employee and Retiree Benefit Plans (Narrative)      HTML     29K 
                (Details)                                                        
62: R51         Employee and Retiree Benefit Plans (Components of   HTML     58K 
                Net Periodic Benefit Expense) (Details)                          
63: R52         Incentive Plans (Summary of Awards Granted)         HTML     48K 
                (Details)                                                        
64: R53         Incentive Plans (Share-Based Plans, Amounts         HTML     28K 
                Recognized) (Details)                                            
65: R54         Earnings Per Share (Weighted-Average Shares         HTML     33K 
                Outstanding for Computation of Basic and Diluted                 
                Income per Common Share) (Details)                               
66: R55         Earnings Per Share (Antidilutive Securities Not     HTML     28K 
                Included in Computation of Diluted EPS) (Details)                
67: R56         Income Taxes (Effective Income Tax Rates)           HTML     26K 
                (Details)                                                        
68: R57         Financial Instruments and Risk Management           HTML     44K 
                (Narrative) (Details)                                            
69: R58         Financial Instruments and Risk Management (Fair     HTML     39K 
                Value of Derivative Instruments Not Designated as                
                Hedging Instruments) (Details)                                   
70: R59         Financial Instruments and Risk Management           HTML     30K 
                (Recognized Gains and Losses for Derivative                      
                Instruments Not Designated as Hedging Instruments)               
                (Details)                                                        
71: R60         Financial Instruments and Risk Management           HTML     65K 
                (Carrying Value of Assets and Liabilities Recorded               
                at Fair Value on Recurring Basis) (Details)                      
72: R61         Accumulated Other Comprehensive Loss (Components    HTML     74K 
                of Accumulated Other Comprehensive Loss) (Details)               
73: R62         Environmental and Other Contingencies (Details)     HTML     25K 
74: R63         Business Segments (Segment Information) (Details)   HTML     77K 
75: R64         Leases (Narrative) (Details)                        HTML     30K 
76: R65         Leases (Summary of Lease Related Expenses)          HTML     54K 
                (Details)                                                        
77: R66         Leases (Schedule of Maturity of Lease Liabilities)  HTML     80K 
                (Details)                                                        
78: R67         Leases (Summary of Lease Term and Discount Rate)    HTML     34K 
                (Details)                                                        
79: R68         Leases (Summary of Other Lease Information)         HTML     43K 
                (Details)                                                        
81: XML         IDEA XML File -- Filing Summary                      XML    158K 
11: XML         XBRL Instance -- mur-20210630_htm                    XML   2.56M 
80: EXCEL       IDEA Workbook of Financial Reports                  XLSX     97K 
 7: EX-101.CAL  XBRL Calculations -- mur-20210630_cal                XML    285K 
 8: EX-101.DEF  XBRL Definitions -- mur-20210630_def                 XML    481K 
 9: EX-101.LAB  XBRL Labels -- mur-20210630_lab                      XML   1.67M 
10: EX-101.PRE  XBRL Presentations -- mur-20210630_pre               XML    927K 
 6: EX-101.SCH  XBRL Schema -- mur-20210630                          XSD    174K 
82: JSON        XBRL Instance as JSON Data -- MetaLinks              454±   643K 
83: ZIP         XBRL Zipped Folder -- 0000717423-21-000039-xbrl      Zip    402K 


‘EX-10.27’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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  Document  

EXHIBIT 10.27
MURPHY OIL CORPORATION

RESTRICTED STOCK UNIT GRANT AGREEMENT

Restricted Stock Unit Award Number:



Name of Grantee:




Number of Restricted Stock Units Subject to this Grant:




This Restricted Stock Unit Award is granted on and dated [•], by Murphy Oil Corporation, a Delaware corporation (the “Company”), pursuant to and for the purposes of the 2021 Stock Plan for Non-Employee Directors (the “Plan”) adopted by the stockholders of the Company on May 12, 2021, subject to the provisions set forth herein and in the Plan. Any terms used herein and not otherwise defined shall have the meaning set forth in the Plan.

1. The Company hereby grants to the individual named above (the “Awardee”) an award of Restricted Stock Units each equal in value to one share of Common Stock, $1.00 par value. This award constitutes a right to receive shares in the future and does not represent any current interest in the shares subject to the award.

2. Subject to paragraph 3 below and in accordance with the Plan, this award will fully vest on the earlier of (a) the first anniversary of the date of grant, [•], or (b) such earlier termination of service as a member of the Board (the “Vesting Date”) provided for in the Plan, and Common Shares and any accrued dividend equivalents will be issued, without restrictions, within thirty days following the Vesting Date or, in the case of Deferred Units, the settlement date selected at the time a valid deferral election was made in accordance with the Plan (each, the “Settlement Date”). This award shall not be settled whenever the delivery of Common Shares under it would be a violation of any applicable law, rule or regulation.

3. The Restricted Stock Unit Award will fully vest and 100 percent of the Restricted Stock Units will be deemed to be earned and Common Shares will be issued, without restrictions, upon the occurrence of a Change in Control (as such term is defined in the Plan); provided, however, that no issuance of Common Shares will be made until [•] unless the Change in Control also qualifies as a change in the ownership or effective control of Murphy Oil Corporation, or in the ownership of a substantial portion of its assets, as determined under Section 409A of the Internal Revenue Code.

4. In the event of any relevant change in the capitalization of the Company subsequent to the date of this grant and prior to its vesting, the number of Restricted Stock Units will be adjusted to reflect that change.

5. In accordance with the Plan, settlement of the Restricted Stock Unit Award may be deferred to the extent the Company received from the holder of the Restricted Stock Units an executed valid deferral election form, in compliance with such rules and procedures as the Committee deems advisable, no later than December 31 of the calendar year prior to the year in which the Restricted Stock Unit Award was granted.

6. This Restricted Stock Unit Award is not assignable except as provided in the case of death and is not subject in whole or in part to attachment, execution or levy of any kind.

7. The holder of the Restricted Stock Units shall not be eligible to receive any dividends or other distributions paid with respect to the underlying Common Shares prior to the Settlement Date. An amount equivalent to these dividends and/or other distributions shall be paid to the holder on the Settlement Date. Any such payment (unadjusted for interest) shall be made in whole shares of the Common Stock of the Company and in cash equal to the value of any fractional shares.

Attest:                        MURPHY OIL CORPORATION


    
_______________________________________     By _______________________________________
    

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/5/218-K
For Period end:6/30/214
5/12/214,  8-K,  DEF 14A,  S-8
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/24  Murphy Oil Corp.                  10-K       12/31/23  150:23M
 2/27/23  Murphy Oil Corp.                  10-K       12/31/22  152:28M


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/26/21  Murphy Oil Corp.                  DEF 14A     5/12/21    1:11M                                    Donnelley … Solutions/FA
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Filing Submission 0000717423-21-000039   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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