Form 4: Marathon Petroleum Executive VP Gregory Scott Floerke Reports Changes in Beneficial Ownership

Gregory Scott Floerke, Executive VP & COO of MPLX GP LLC, reports changes in Marathon Petroleum Corp. beneficial ownership due to tax withholding and dividend reinvestment.

Summary

• Gregory Scott Floerke, an Executive VP & COO of MPLX GP LLC, filed a Form 4 with the SEC on March 5, 2024.
• The report details changes in his beneficial ownership of Marathon Petroleum Corp. common stock.
• On March 1, 2024, transactions occurred involving the disposal of 575, 445 and 278 shares of common stock at a price of $172.34 due to tax withholding.
• Also on March 1, 2024, Floerke acquired 1,896 shares of common stock at $0.
• These transactions resulted in a change in his direct holdings to 29,146 shares.
• He also indirectly owns 633.984 shares through a 401(k) plan.
• The filing also notes dividend reinvestment and administrative fees related to the 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates