Form 4: Marathon Petroleum Director Ellison-Taylor Receives Annual Equity Retainer Award

Director Kimberly N. Ellison-Taylor of Marathon Petroleum Corp. received an annual equity retainer award of 1,275.96 shares of common stock on May 1, 2025.

Summary

• Kimberly N. Ellison-Taylor, a director of Marathon Petroleum Corp, reported a transaction on May 1, 2025.
• The transaction involved the acquisition of 1,275.96 shares of Marathon Petroleum Corp common stock.
• This acquisition represents the annual equity retainer award for 2025.
• Following the transaction, Ellison-Taylor directly owns 2,425.406 shares of Marathon Petroleum Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard compensation practice. The director is receiving equity, which aligns interests with shareholders.

Positives

• The director's equity retainer award aligns her interests with those of the shareholders.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Management Comments

• As disclosed in MPC's definitive proxy statement for the 2025 annual meeting of shareholders, beginning in May 2025, MPC's non-management director compensation program transitioned from granting quarterly to granting annual equity retainer awards.

Industry Context

Director compensation through equity is a common practice in the oil and gas industry to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across publicly traded companies, including competitors like ExxonMobil (XOM) and Chevron (CVX).
• The specific amount and structure of the equity awards can vary based on company size, performance, and industry norms.
• Annual equity grants are becoming more common as companies seek to simplify their compensation programs.

Stakeholder Impact

• Shareholders may view the equity grant positively as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Marathon Petroleum Corp, Director, Equity Retainer, Form 4, Ellison-Taylor, MPC, Stock