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Murphy Oil Corp – ‘10-K’ for 12/31/19 – ‘EX-10.26’

On:  Wednesday, 2/26/20, at 5:51pm ET   ·   As of:  2/27/20   ·   For:  12/31/19   ·   Accession #:  717423-20-8   ·   File #:  1-08590

Previous ‘10-K’:  ‘10-K/A’ on 2/28/19 for 12/31/18   ·   Next:  ‘10-K’ on 2/26/21 for 12/31/20   ·   Latest:  ‘10-K’ on 2/23/24 for 12/31/23   ·   6 References:   

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

 2/27/20  Murphy Oil Corp                   10-K       12/31/19  158:27M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.59M 
 2: EX-4.9      Instrument Defining the Rights of Security Holders  HTML     54K 
 4: EX-10.15    Material Contract                                   HTML     46K 
 5: EX-10.17    Material Contract                                   HTML     71K 
 6: EX-10.24    Material Contract                                   HTML     46K 
 7: EX-10.26    Material Contract                                   HTML     50K 
 3: EX-10.8     Material Contract                                   HTML     46K 
 8: EX-21.1     Subsidiaries List                                   HTML     83K 
 9: EX-23.1     Consent of Experts or Counsel                       HTML     45K 
10: EX-23.2     Consent of Experts or Counsel                       HTML     48K 
11: EX-23.3     Consent of Experts or Counsel                       HTML     47K 
15: EX-99.1     Miscellaneous Exhibit                               HTML    138K 
16: EX-99.2     Miscellaneous Exhibit                               HTML    135K 
17: EX-99.3     Miscellaneous Exhibit                               HTML     75K 
12: EX-31.1     Certification -- §302 - SOA'02                      HTML     50K 
13: EX-31.2     Certification -- §302 - SOA'02                      HTML     50K 
14: EX-32.1     Certification -- §906 - SOA'02                      HTML     46K 
85: R1          Cover Page                                          HTML    104K 
139: R2          Consolidated Balance Sheets                         HTML    162K  
123: R3          Consolidated Balance Sheets (Parenthetical)         HTML     63K  
33: R4          Consolidated Statements of Operations               HTML    180K 
84: R5          Consolidated Statements of Comprehensive Income     HTML     73K 
                (Loss)                                                           
138: R6          Consolidated Statements of Cash Flows               HTML    171K  
121: R7          Consolidated Statements of Stockholders' Equity     HTML    134K  
34: R8          Consolidated Statements of Stockholders' Equity     HTML     61K 
                (Parenthetical)                                                  
80: R9          Significant Accounting Policies                     HTML     75K 
106: R10         New Accounting Principles and Recent Accounting     HTML     63K  
                Pronouncements                                                   
124: R11         Revenue from Contracts with Customers               HTML    134K  
76: R12         Acquisitions                                        HTML     80K 
28: R13         Discontinued Operations and Assets Held for Sale    HTML     98K 
108: R14         Inventories                                         HTML     52K  
125: R15         Property, Plant and Equipment                       HTML    135K  
78: R16         Financing Arrangements and Long-Term Debt           HTML     78K 
29: R17         Asset Retirement Obligations                        HTML     64K 
104: R18         Income Taxes                                        HTML    152K  
128: R19         Incentive Plans                                     HTML    164K  
62: R20         Employee and Retiree Benefit Plans                  HTML    402K 
50: R21         Financial Instruments and Risk Management           HTML     74K 
100: R22         Earnings per Share                                  HTML     61K  
157: R23         Other Financial Information                         HTML     76K  
63: R24         Accumulated Other Comprehensive Loss                HTML     82K 
51: R25         Assets and Liabilities Measured at Fair Value       HTML    128K 
101: R26         Commitments                                         HTML     50K  
158: R27         Contingencies                                       HTML     51K  
64: R28         Business Segments                                   HTML    246K 
49: R29         Common Stock Issued and Outstanding                 HTML     59K 
24: R30         Leases (Notes)                                      HTML     97K 
73: R31         Supplemental Oil and Gas Information                HTML    441K 
131: R32         Supplemental Quarterly Information (Unaudited)      HTML    128K  
113: R33         Schedule II - Valuation Accounts and Reserves       HTML     83K  
23: R34         Significant Accounting Policies (Policies)          HTML    149K 
72: R35         Revenue from Contracts with Customers (Tables)      HTML    125K 
130: R36         Acquisitions (Tables)                               HTML     74K  
111: R37         Discontinued Operations and Assets Held for Sale    HTML     98K  
                (Tables)                                                         
25: R38         Inventories (Tables)                                HTML     54K 
70: R39         Property, Plant and Equipment (Tables)              HTML    131K 
47: R40         Financing Arrangements and Long-Term Debt (Tables)  HTML     69K 
61: R41         Asset Retirement Obligations (Tables)               HTML     62K 
146: R42         Income Taxes (Tables)                               HTML    146K  
90: R43         Incentive Plans (Tables)                            HTML    164K 
46: R44         Employee and Retiree Benefit Plans (Tables)         HTML    415K 
60: R45         Financial Instruments and Risk Management (Tables)  HTML     68K 
145: R46         Earnings per Share (Tables)                         HTML     64K  
89: R47         Other Financial Information (Tables)                HTML     75K 
48: R48         Accumulated Other Comprehensive Loss (Tables)       HTML     82K 
59: R49         Assets and Liabilities Measured at Fair Value       HTML    129K 
                (Tables)                                                         
86: R50         Business Segments (Tables)                          HTML    243K 
40: R51         Common Stock Issued and Outstanding (Tables)        HTML     59K 
114: R52         Leases (Tables)                                     HTML    101K  
134: R53         Supplemental Oil and Gas Information (Tables)       HTML    857K  
87: R54         Supplemental Quarterly Information (Tables)         HTML    128K 
41: R55         Significant Accounting Policies - Narrative         HTML     70K 
                (Details)                                                        
115: R56         New Accounting Principles and Recent Accounting     HTML     71K  
                Pronouncements - Narrative (Details)                             
135: R57         Revenue from Contracts with Customers - Narrative   HTML     64K  
                (Details)                                                        
88: R58         Revenue from Contracts with Customers -             HTML    101K 
                Disaggregation of Revenue (Details)                              
39: R59         Revenue from Contracts with Customers - Current     HTML     64K 
                Long-Term Contracts Outstanding (Details)                        
95: R60         Acquisitions - Narrative (Details)                  HTML    103K 
148: R61         Acquisitions - Preliminary Purchase Price           HTML     77K  
                Allocation (Details)                                             
56: R62         Acquisitions - Pro Forma Financial Information      HTML     59K 
                (Details)                                                        
43: R63         Discontinued Operations and Assets Held for Sale -  HTML    135K 
                Major Categories of Assets and Liabilities                       
                Reflected as Held for Sale (Details)                             
96: R64         Discontinued Operations and Assets Held for Sale -  HTML     73K 
                Results of Operations Associated with Discontinued               
                Operations (Details)                                             
149: R65         Inventories - Schedule of Inventory (Details)       HTML     51K  
57: R66         Property, Plant and Equipment - Narrative           HTML    158K 
                (Details)                                                        
44: R67         Property, Plant and Equipment - Schedule of         HTML     61K 
                Property, Plant and Equipment (Details)                          
93: R68         Property, Plant and Equipment - Schedule of         HTML     51K 
                Recognized Impairments (Details)                                 
153: R69         Property, Plant And Equipment - Net Changes in      HTML     54K  
                Capitalized Exploratory Well Costs (Details)                     
142: R70         Property, Plant And Equipment - Aging of            HTML     65K  
                Capitalized Exploratory Well Costs (Details)                     
118: R71         Financing Arrangements and Long-Term Debt -         HTML    110K  
                Narrative (Details)                                              
37: R72         Financing Arrangements and Long-Term Debt -         HTML     93K 
                Schedule of Long Term Debt (Details)                             
82: R73         Asset Retirement Obligations - Schedule of          HTML     66K 
                Reconciliation of Beginning and Ending Aggregate                 
                Carrying Amount of Asset Retirement Obligations                  
                (Details)                                                        
141: R74         Asset Retirement Obligations - Classification of    HTML     49K  
                Asset of Asset Retirement Obligations (Details)                  
117: R75         Income Taxes - Narrative (Details)                  HTML     93K  
36: R76         Income Taxes - Components of Income (Loss) from     HTML     87K 
                Continuing Operations Before Income Taxes and                    
                Income Tax Expense (Details)                                     
81: R77         Income Taxes - Effective Income Tax Rates           HTML     77K 
                (Details)                                                        
136: R78         Income Taxes - Analysis of Deferred Tax Assets and  HTML     91K  
                Deferred Tax Liabilities Showing Tax Effects of                  
                Significant Temporary Differences (Details)                      
120: R79         Income Taxes - Reconciliation of Beginning and      HTML     54K  
                Ending Amount of Consolidated Liability for                      
                Unrecognized Income Tax Benefits (Details)                       
144: R80         Incentive Plans - Narrative (Details)               HTML    110K  
119: R81         Incentive Plans - Share-Based Plans, Amounts        HTML     49K  
                Recognized (Details)                                             
38: R82         Incentive Plans - Fair Value of Option Award        HTML     67K 
                Estimated on Date of Grant using Black-Scholes                   
                Pricing Model (Details)                                          
83: R83         Incentive Plans - Changes in Stock Options          HTML     77K 
                Outstanding (Details)                                            
140: R84         Incentive Plans - Additional Information about      HTML     80K  
                Stock Options Outstanding (Details)                              
116: R85         Incentive Plans - Changes in Performance-Based RSU  HTML     56K  
                Outstanding (Details)                                            
35: R86         Incentive Plans - Assumptions used in Valuation     HTML     61K 
                Performance Awards Granted (Details)                             
79: R87         Incentive Plans - Changes in Time-Lapse Restricted  HTML     56K 
                Stock and Restricted Stock Units Outstanding                     
                (Details)                                                        
137: R88         Employee and Retiree Benefit Plans - Narrative      HTML    111K  
                (Details)                                                        
122: R89         Employee and Retiree Benefit Plans - Plans'         HTML    128K  
                Benefit Obligations and Fair Value of Assets and                 
                Statement of Funded Status (Details)                             
94: R90         Employee and Retiree Benefit Plans - Amounts        HTML     56K 
                Included in Accumulated Other Comprehensive Income               
                Not Recognized in Net Periodic Benefit Expense                   
                (Details)                                                        
147: R91         Employee and Retiree Benefit Plans - Amounts        HTML     55K  
                Included in Accumulated Other Comprehensive Income               
                Expected to be Amortized into Net Periodic Benefit               
                Expense (Details)                                                
55: R92         Employee and Retiree Benefit Plans - Projected      HTML     62K 
                Benefit Obligations, Accumulated Benefit                         
                Obligations and Fair Value of Plan Assets                        
                (Details)                                                        
42: R93         Employee and Retiree Benefit Plans - Components of  HTML     69K 
                Net Periodic Benefit Expense (Details)                           
97: R94         Employee and Retiree Benefit Plans - Amount         HTML     69K 
                Related to Foreign Benefit Plans (Details)                       
150: R95         Employee and Retiree Benefit Plans -                HTML     64K  
                Weighted-Average Assumptions used in Measurement                 
                of Benefit Obligations and Net Periodic Benefit                  
                Expense (Details)                                                
58: R96         Employee and Retiree Benefit Plans - Benefit        HTML     62K 
                Payments Expected to be Paid in Future Years                     
                (Details)                                                        
45: R97         Employee and Retiree Benefit Plans - One Percent    HTML     53K 
                Change in Assumed Health Care Cost Trend Rates                   
                (Details)                                                        
92: R98         Employee and Retiree Benefit Plans - Weighted       HTML     99K 
                Average Asset Allocation for Funded Pension                      
                Benefit Plans (Details)                                          
152: R99         Employee and Retiree Benefit Plans - Fair Value     HTML    141K  
                Measurements of Retirement Plan Assets (Details)                 
74: R100        Employee and Retiree Benefit Plans - Effects of     HTML     59K 
                Fair Value Measurements Using Significant                        
                Unobservable Inputs on Changes in Level 3 Plan                   
                Assets (Details)                                                 
31: R101        Financial Instruments and Risk Management -         HTML     64K 
                Narrative (Details)                                              
103: R102        Financial Instruments and Risk Management - Fair    HTML     57K  
                Value of Derivative Instruments Not Designated as                
                Hedging Instruments (Details)                                    
126: R103        Financial Instruments and Risk Management -         HTML     50K  
                Recognized Gains and Losses for Derivative                       
                Instruments Not Designated as Hedging Instruments                
                (Details)                                                        
75: R104        Earnings per Share - Weighted-Average Shares        HTML     56K 
                Outstanding for Computation of Basic and Diluted                 
                Income per Common Share (Details)                                
32: R105        Earnings per Share - Anti Dilutive Securities Not   HTML     48K 
                Included in Computation of Diluted EPS (Details)                 
105: R106        Other Financial Information - Narrative (Details)   HTML     50K  
127: R107        Other Financial Information - Noncash Opearting     HTML     71K  
                Working Capital (Increase) Decrease (Details)                    
77: R108        Accumulated Other Comprehensive Loss - Components   HTML     89K 
                of Accumulated Other Comprehensive Loss (Details)                
30: R109        Assets and Liabilities Measured at Fair Value -     HTML     58K 
                Narratives (Details)                                             
53: R110        Assets and Liabilities Measured at Fair Value -     HTML     85K 
                Carrying Value of Assets and Liabilities Recorded                
                at Fair Value on Recurring Basis (Details)                       
68: R111        Assets and Liabilities Measured at Fair Value -     HTML     49K 
                Carrying Amounts and Estimated Fair Values of                    
                Financial Instruments (Details)                                  
155: R112        Assets and Liabilities Measured at Fair Value -     HTML     61K  
                Nonrecurring Fair Value Measurements (Details)                   
99: R113        Commitments - Narrative (Details)                   HTML     71K 
52: R114        Business Segments - Narrative (Details)             HTML     51K 
66: R115        Common Stock Issued and Outstanding - Activity in   HTML     63K 
                the Number of Common Stock Issued and Outstanding                
                (Details)                                                        
154: R116        Business Segments - Segment Information (Details)   HTML    173K  
98: R117        Business Segments - Geographic Information on       HTML     62K 
                Certain Long-Lived Assets (Details)                              
54: R118        Leases (Details)                                    HTML     49K 
65: R119        Leases Summary of Lease Related Expenses (Details)  HTML     91K 
133: R120        Leases Schedule of Maturity of Lease Liabilities    HTML    103K  
                (Details)                                                        
110: R121        Leases Summary of Lease Term and Discount Rate      HTML     55K  
                (Details)                                                        
27: R122        Leases Summary of Other Lease Information           HTML     55K 
                (Details)                                                        
71: R123        Supplemental Oil and Gas Information - Narrative    HTML     80K 
                (Details)                                                        
132: R124        Supplemental Oil and Gas Information - Summary of   HTML    167K  
                Proved Reserves Based on Average Prices (Details)                
109: R125        Supplemental Oil and Gas Information - Costs        HTML    106K  
                Incurred in Oil and Gas Property Acquisition,                    
                Exploration and Development Activities (Details)                 
26: R126        Supplemental Oil and Gas Information - Results of   HTML    142K 
                Operations for Oil and Gas Producing Activities                  
                (Details)                                                        
69: R127        Supplemental Oil and Gas Information -              HTML    119K 
                Standardized Measure of Discounted Future Net Cash               
                Flow Relating to Proved Oil and Gas Reserves                     
                (Details)                                                        
129: R128        Supplemental Oil and Gas Information - Principal    HTML     78K  
                Sources of Change in the Standardized Measure of                 
                Discounted Future Net Cash Flows (Details)                       
112: R129        Supplemental Oil and Gas Information - Capitalized  HTML     73K  
                Costs Relating to Oil and Gas Producing Activities               
                (Details)                                                        
102: R130        Supplemental Quarterly Infomation (Details)         HTML    103K  
156: R131        Schedule II - Valuation Accounts and Reserves       HTML     58K  
                (Details)                                                        
91: XML         IDEA XML File -- Filing Summary                      XML    291K 
107: XML         XBRL Instance -- mur-20191231x10k_htm                XML   8.40M  
67: EXCEL       IDEA Workbook of Financial Reports                  XLSX    209K 
19: EX-101.CAL  XBRL Calculations -- mur-20191231_cal                XML    466K 
20: EX-101.DEF  XBRL Definitions -- mur-20191231_def                 XML   1.57M 
21: EX-101.LAB  XBRL Labels -- mur-20191231_lab                      XML   3.40M 
22: EX-101.PRE  XBRL Presentations -- mur-20191231_pre               XML   2.24M 
18: EX-101.SCH  XBRL Schema -- mur-20191231                          XSD    335K 
143: JSON        XBRL Instance as JSON Data -- MetaLinks              716±  1.14M  
151: ZIP         XBRL Zipped Folder -- 0000717423-20-000008-xbrl      Zip    892K  


‘EX-10.26’   —   Material Contract


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



 <!   C:   C: 
  MUR-2019.12.31-EX10.26  


Exhibit 10.26


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 2018 Stock Plan for Non-Employee Directors (the “Plan”) adopted by the stockholders of the Company on May 9, 2018, 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. 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 (the “Settlement Date”). This award shall not be settled whenever the delivery of shares of Common Stock 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 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 $1.00 par value 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-K’ Filing    Date    Other Filings
Filed as of:2/27/20
Filed on:2/26/20
For Period end:12/31/1911-K,  4,  5,  5/A
5/9/188-K,  DEF 14A
 List all Filings 


6 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
 2/25/22  Murphy Oil Corp.                  10-K       12/31/21  154:25M
 2/26/21  Murphy Oil Corp.                  10-K       12/31/20  160:25M
 7/22/20  SEC                               UPLOAD8/19/20    2:39K  Murphy Oil Corp.
 6/10/20  SEC                               UPLOAD8/19/20    2:44K  Murphy Oil Corp.
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Filing Submission 0000717423-20-000008   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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