Form 4: Marathon Petroleum Executive Timothy J. Aydt Reports Changes in Beneficial Ownership

Executive Vice President of Refining at Marathon Petroleum, Timothy J. Aydt, reports transactions involving company common stock, including acquisitions and disposals to cover tax obligations.

Summary

• On March 1, 2024, Timothy J. Aydt, Executive Vice President of Refining at Marathon Petroleum Corp, reported changes in beneficial ownership of the company's common stock.
• The transactions included the disposal of 592, 489, and 523 shares of common stock at a price of $172.34 to cover tax obligations.
• Aydt also acquired 3,555 shares of common stock at $0.
• Following these transactions, Aydt directly owns 11,751.843 shares and indirectly owns 2,847.143 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard SEC filing reporting transactions by an executive. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The acquisition of 3,555 shares at $0 increases Aydt's direct ownership in the company.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and alignment with company performance.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine adjustments to the executive's stock holdings.

Key Dates