Form 4: Marathon Petroleum Executive Reports Stock Transactions

Shawn M. Lyon, SVP at Marathon Petroleum, reports the disposition and acquisition of company stock, including shares from dividend reinvestment and 401(k) holdings.

Summary

• Shawn M. Lyon, a Senior Vice President at Marathon Petroleum Corporation, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 1, 2024, Lyon disposed of 455 shares, 480 shares and 170 shares of common stock at a price of $172.34 per share to cover tax obligations.
• On the same date, Lyon acquired 1,778 shares of common stock at $0.
• Following these transactions, Lyon directly owns 14,318 shares of Marathon Petroleum Corp.
• Lyon also indirectly owns 2,792.582 shares through a 401(k) plan.
• The report also includes 15.933 shares acquired through dividend reinvestment, adjustments for administrative fees (-0.016 shares), and interest received (0.05 shares).

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions by an executive.

Positives

• The reporting person increased their direct ownership of Marathon Petroleum stock.
• The reporting person has shares acquired through dividend reinvestment.

Negatives

• The reporting person disposed of shares to cover tax obligations.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence and regulatory compliance.

Stakeholder Impact

• Shareholders are informed about insider trading activities.
• The filing ensures transparency and compliance with SEC regulations.

Key Dates