Form 4: Marathon Petroleum Director Acquires 6,000 Shares in Open Market Transaction

Marathon Petroleum director Jeffrey C. Campbell purchased 6,000 shares of common stock at a weighted average price of $149.6074 on December 4, 2024.

Summary

• Jeffrey C. Campbell, a director at Marathon Petroleum Corp, acquired 6,000 shares of common stock on December 4, 2024.
• The shares were purchased at a weighted average price of $149.6074 per share.
• The transactions occurred at prices ranging from $149.26 to $149.95.
• Following the transaction, Mr. Campbell directly owns 147.858 shares and indirectly owns 6,090 shares through the Campbell Living Trust.

Sentiment

Score: 5

Explanation: The document reflects a routine insider transaction, which is neither particularly positive nor negative. It is a neutral event.

Positives

• The purchase of shares by a director can be seen as a positive sign of confidence in the company's future prospects.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly traded companies, and this transaction is within the normal range of such activities.
• Other directors and officers of similar companies like Valero Energy (VLO) and Phillips 66 (PSX) also regularly file Form 4s for their transactions.

Stakeholder Impact

• The purchase of shares by a director may have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Marathon Petroleum, MPC, insider trading, stock purchase, Jeffrey C. Campbell, director, common stock