Form 4: Marathon Petroleum Executive VP Aydt Reports Changes in Beneficial Ownership

Executive Vice President of Refining at Marathon Petroleum, Timothy J. Aydt, reports acquisition and disposal of common stock, resulting in adjustments to his direct and indirect holdings.

Summary

• Timothy J. Aydt, Executive Vice President of Refining at Marathon Petroleum Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 1, 2025, Aydt acquired 2,623 shares of common stock.
• On March 3, 2025, Aydt disposed of 488, 523 and 481 shares of common stock at a price of $148.65 per share to cover tax obligations.
• These transactions resulted in a decrease in Aydt's directly held shares from 14,230.832 to 12,738.832.
• Aydt also indirectly owns 2,905.577 shares through a 401(k) plan.
• The filing also notes a deduction of administrative fees in the amount of .019 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates