Form 4: Marathon Petroleum Director Al Khayyal Reports Changes in Beneficial Ownership

Director Abdulaziz Fahd Al Khayyal reports acquisition of common stock and adjustments to holdings due to equity retainer award and dividend reinvestment.

Summary

• On April 1, 2025, Abdulaziz Fahd Al Khayyal, a director of Marathon Petroleum Corp, acquired 93.586 shares of common stock as part of a second quarter equity retainer award.
• The award was prorated for the period beginning April 1, 2025, and ending April 30, 2025.
• Al Khayyal's total holdings include 23,437.358 shares, which includes 154.865 shares acquired through dividend reinvestment.
• Beginning in May 2025, non-management directors will receive an annual equity retainer consisting of one grant in the amount of $185,000, generally made on the day following MPC's annual meeting of shareholders.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices and ownership adjustments, suggesting stability and alignment with shareholder interests. The sentiment is neutral to slightly positive.

Positives

• The director's equity retainer award aligns their interests with shareholders.
• Dividend reinvestment indicates a long-term investment perspective.

Future Outlook

Beginning in May 2025, non-management directors will receive an annual equity retainer consisting of one grant in the amount of $185,000, generally made on the day following MPC's annual meeting of shareholders.

Industry Context

Director ownership changes are routinely monitored by investors as they can provide insights into management's confidence in the company's prospects. Equity retainers are a common form of compensation for board members.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the industry.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also provide equity-based compensation to their directors.
• The specific amount and structure of the equity retainer can vary based on company size, performance, and industry norms.

Stakeholder Impact

• Shareholders may view the director's stock ownership as a positive sign of alignment with their interests.
• The equity retainer program could incentivize directors to focus on long-term value creation.

Key Dates

Keywords

beneficial ownership, director, equity retainer, dividend reinvestment, Marathon Petroleum, MPC, Form 4