Form 4: Marathon Petroleum Director Jonathan Z. Cohen Acquires Shares Through Dividend Reinvestment
SEC Form 4 Filing
Director Jonathan Z. Cohen of Marathon Petroleum Corp acquired 294.19 shares of common stock through dividend reinvestment on January 2, 2025.
Summary
- Jonathan Z. Cohen, a director at Marathon Petroleum Corp, acquired 294.19 shares of common stock on January 2, 2025.
- The acquisition was a result of dividend reinvestment.
- The price per share was not explicitly stated, but the total value of the acquired shares was $0.
- This transaction increased Cohen's direct holdings to 13,732.237 shares.
- The report also includes 80.468 shares acquired through dividend reinvestment that were not previously reported.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction, indicating a positive but not extraordinary sentiment. The director's continued investment through dividend reinvestment is a positive sign.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by a director.
- The increase in direct holdings shows confidence in the company's future.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects a director's ongoing investment in the company through dividend reinvestment.
Comparison to Industry Standards
- Reporting of insider transactions via SEC Form 4 is a standard practice for all publicly traded companies in the United States.
- Dividend reinvestment programs are common and allow shareholders to increase their holdings without additional cash outlay.
- The level of detail provided in this filing is consistent with SEC requirements for reporting changes in beneficial ownership.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it demonstrates a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the share acquisition through dividend reinvestment. |
| 01/06/2025 | Date the form was signed by the Attorney-in-Fact. |
Keywords
Marathon Petroleum Corp, Jonathan Z. Cohen, Director, Dividend Reinvestment, Share Acquisition, SEC Form 4, MPC
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