Form 4: Marathon Petroleum CEO Michael Hennigan Reports Changes in Beneficial Ownership

Marathon Petroleum CEO Michael Hennigan reports the disposition and acquisition of common stock, resulting in an updated beneficial ownership.

Summary

• On March 1, 2024, Marathon Petroleum Corp CEO Michael J. Hennigan reported changes in his beneficial ownership of the company's common stock.
• He disposed of 5,890 shares at a price of $172.34.
• He disposed of 4,200 shares at a price of $172.34.
• He disposed of 2,869 shares at a price of $172.34.
• He acquired 17,540 shares at a price of $0.
• Following these transactions, Hennigan directly owns 219,742 shares of Marathon Petroleum Corp.
• The transactions were reported on Form 4, filed with the SEC on March 5, 2024.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reflects changes in the CEO's stock ownership.

Positives

• The acquisition of 17,540 shares at $0 increases Hennigan's stake in the company.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stake in the company.

Key Dates