Form 4: Marathon Petroleum Director Kim K.W. Rucker Reports Share Acquisition

Director Kim K.W. Rucker of Marathon Petroleum Corp. reported acquiring 294.19 shares of common stock on January 2, 2025, through a dividend reinvestment.

Summary

• Kim K.W. Rucker, a director at Marathon Petroleum Corp., reported a transaction on January 2, 2025.
• The transaction involved the acquisition of 294.19 shares of Marathon Petroleum common stock.
• These shares were acquired through a dividend reinvestment plan.
• The total number of shares beneficially owned by Rucker after the transaction is 24,745.426.
• This includes 102.152 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 overly significant sentiment. The director's participation in dividend reinvestment is a positive sign.

Positives

• The acquisition of shares through dividend reinvestment indicates a positive outlook by the director on the company's future.

Industry Context

This is a routine filing related to a director's share ownership and is common in the oil and gas industry.

Comparison to Industry Standards

• Director share acquisitions are common across the industry, with similar filings from directors at companies like Exxon Mobil (XOM) and Chevron (CVX).
• Dividend reinvestment plans are a standard method for directors to increase their stake in the company, aligning their interests with shareholders.
• The number of shares acquired is relatively small compared to the total outstanding shares of Marathon Petroleum, which is typical for director transactions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows director confidence in the company.

Key Dates

Keywords

Marathon Petroleum, MPC, Kim K.W. Rucker, Director, Share Acquisition, Dividend Reinvestment, SEC Form 4, Beneficial Ownership