Form 4: Marathon Petroleum Corp Executive Molly R. Benson Reports Stock Transaction
SEC Form 4 Filing
Molly R. Benson, Chief Legal Officer & Corporate Secretary of Marathon Petroleum Corp, reports a disposition of shares to cover tax obligations.
Summary
- On April 1, 2024, Molly R. Benson, Chief Legal Officer & Corporate Secretary of Marathon Petroleum Corp, disposed of 480 shares of common stock at a price of $202.48.
- Following the transaction, Benson directly owns 26,872.372 shares of Marathon Petroleum Corp common stock.
- Benson also indirectly owns 84.356 shares through a 401(k) plan.
- The transaction was reported on April 3, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing represents a routine transaction by an executive and doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by a key executive, which could be for various reasons, including tax obligations or portfolio diversification.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock transaction (disposition of shares). |
| 04/03/2024 | Date of Form 4 filing. |
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