Form 4: Marathon Petroleum Corp: VP and Controller Erin M. Brzezinski Reports Changes in Beneficial Ownership

Erin M. Brzezinski, VP and Controller of Marathon Petroleum Corp, reports changes in beneficial ownership of common stock due to tax withholding and stock awards.

Summary

• On March 1, 2024, Erin M. Brzezinski, VP and Controller of Marathon Petroleum Corp, reported changes in her beneficial ownership of the company's common stock.
• These changes involve the disposition of shares to cover tax obligations and the acquisition of shares through stock awards.
• Specifically, 60 shares were disposed of at a price of $172.34, followed by 93 shares at the same price, and then 58 shares at the same price to cover tax obligations.
• Additionally, 415 shares were acquired at $0 due to stock awards.
• Following these transactions, Ms. Brzezinski directly owns 1,370 shares of Marathon Petroleum Corp common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions related to stock ownership. It doesn't inherently indicate positive or negative sentiment.

Positives

• Ms. Brzezinski acquired 415 shares through stock awards, indicating a form of compensation and alignment with company performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• Executive compensation packages often include stock awards, aligning management's interests with shareholders.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also regularly file Form 4s for their executives.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor confidence.

Key Dates