Form 4: Marathon Petroleum Corp Director Jeffrey C. Campbell Reports Changes in Beneficial Ownership

Director Jeffrey C. Campbell reports acquisition and disposal of Marathon Petroleum Corp (MPC) common stock.

Summary

• On April 1, 2025, Jeffrey C. Campbell, a director of Marathon Petroleum Corp (MPC), reported changes in beneficial ownership of MPC common stock.
• Campbell acquired 93.586 shares as part of his second quarter 2025 equity retainer award, prorated for the period beginning April 1, 2025, and ending April 30, 2025.
• He also disposed of 539.483 shares.
• Additionally, he indirectly owns 6,090 shares through the Campbell Living Trust u/a/d 2/11/2000.
• The report includes 2.958 shares acquired through dividend reinvestment, which were not previously reported.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't contain information that would significantly sway investor sentiment positively or negatively. The sentiment is neutral to slightly positive due to the director's continued investment in the company.

Positives

• The director's equity retainer award aligns his interests with those of the shareholders.

Future Outlook

Beginning in May 2025, MPC's non-management directors will receive an annual equity retainer consisting of one grant in the amount of $185,000, generally made on the day following MPC's annual meeting of shareholders.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It reflects standard practices for aligning director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Equity retainers for non-management directors are a common practice among large corporations, including those in the energy sector.
• The amount of $185,000 for the annual equity retainer is within the typical range for companies of Marathon Petroleum's size and market capitalization.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also utilize equity-based compensation for their directors, with specific amounts varying based on company performance and board responsibilities.

Stakeholder Impact

• The director's stock transactions signal confidence in the company's future, which could positively influence shareholder sentiment.

Key Dates

Keywords

beneficial ownership, Form 4, Marathon Petroleum Corp, MPC, director, equity retainer, common stock, dividend reinvestment