Form 4: Marathon Petroleum Director Jonathan Z. Cohen Reports Acquisition of Common Stock

Director Jonathan Z. Cohen reports acquiring 251.025 shares of Marathon Petroleum Corp common stock on October 1, 2024, at $0 per share due to dividend reinvestment.

Summary

• On October 1, 2024, Jonathan Z. Cohen, a director of Marathon Petroleum Corp, acquired 251.025 shares of common stock.
• The acquisition was made through dividend reinvestment.
• The price per share was $0.
• Following the transaction, Cohen's direct ownership increased to 13,357.579 shares, which includes 65.786 shares acquired pursuant to dividend reinvestment and not previously reported.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a routine disclosure of a director acquiring shares through dividend reinvestment, which is a common practice.

Positives

• The director's increased stake in the company could be seen as a positive signal.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be informative for investors.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates