Form 4: Marathon Petroleum Corp: Executive Maryann T. Mannen Reports Changes in Beneficial Ownership

Maryann T. Mannen, President of Marathon Petroleum Corp, reports changes in beneficial ownership of common stock due to transactions on March 1, 2024.

Summary

• On March 1, 2024, Maryann T. Mannen, President of Marathon Petroleum Corp, reported changes in her beneficial ownership of the company's common stock.
• She disposed of 2,069 shares at a price of $172.34.
• She disposed of 1,389 shares at a price of $172.34.
• She disposed of 952 shares at a price of $172.34.
• She acquired 5,926 shares at a price of $0.
• Following these transactions, Mannen directly owns 80,605 shares of Marathon Petroleum Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Positives

• Mannen acquired 5,926 shares of common stock at $0 per share, increasing her holdings.

Negatives

• Mannen disposed of a total of 4,410 shares at $172.34 per share, decreasing her holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.

Key Dates