Form 4: Marathon Petroleum Corp: Executive Molly R. Benson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Molly R. Benson, Chief Legal Officer & Corporate Secretary of Marathon Petroleum Corp, reports acquisition and disposal of common stock, resulting in adjusted holdings.
Summary
- Molly R. Benson, Chief Legal Officer & Corporate Secretary of Marathon Petroleum Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, Benson acquired 2,623 shares of common stock.
- On March 3, 2025, Benson disposed of 245, 175, and 289 shares of common stock at a price of $148.65 per share.
- Following these transactions, Benson directly owns 28,699.692 shares of common stock.
- Benson also indirectly owns 85.681 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting stock transactions by an executive, neither particularly positive nor negative.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- It offers insights into the executive's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Acquisition of 2,623 shares of common stock |
| 03/03/2025 | Disposal of 245, 175, and 289 shares of common stock at $148.65 per share |
| 03/04/2025 | Date of signature for the Form 4 filing |
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