Form 4: Marathon Petroleum Director Al Khayyal Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Abdulaziz Fahd Al Khayyal reports acquiring Marathon Petroleum Corp common stock on April 1, 2024.
Summary
- On April 1, 2024, Abdulaziz Fahd Al Khayyal, a director of Marathon Petroleum Corp, acquired 192.628 shares of common stock.
- The acquisition was made at a price of $0 per share.
- Following the transaction, Al Khayyal beneficially owns 22,063.948 shares of Marathon Petroleum Corp common stock.
- This includes 99.014 shares acquired through dividend reinvestment and not previously reported.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing reporting a transaction. The director's purchase could be seen as slightly positive, but it's not a major event.
Positives
- The director's acquisition of shares could be interpreted as a positive signal regarding their confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of common stock. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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