Form 4: Marathon Petroleum Corp Executive Molly R. Benson Reports Stock Transaction

Molly R. Benson, Chief Legal Officer and Corporate Secretary at Marathon Petroleum Corp, reported a disposition of 87 shares of common stock on December 13, 2024.

Summary

• Molly R. Benson, Chief Legal Officer and Corporate Secretary of Marathon Petroleum Corp, filed a Form 4 indicating a transaction involving the company's common stock.
• On December 13, 2024, Ms. Benson disposed of 87 shares of common stock at a price of $145.56 per share.
• Following the transaction, Ms. Benson directly owns 26,785.692 shares and indirectly owns 85.681 shares through a 401(k) plan.
• The reported share amounts include shares acquired through dividend reinvestment and reflect a deduction of an administrative fee.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the Securities and Exchange Commission (SEC).
• The transaction is typical for executives who may periodically adjust their holdings for various reasons, including tax planning or diversification.
• The reported transaction is similar to those of other executives at comparable companies, such as those in the energy sector.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small transaction by an individual executive.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Marathon Petroleum Corp, MPC, Form 4, insider trading, stock transaction, Molly R. Benson, executive, share disposal, beneficial ownership, dividend reinvestment