Form 4: Marathon Petroleum Executive VP John J. Quaid Reports Changes in Beneficial Ownership

Executive VP and Chief Financial Officer of Marathon Petroleum, John J. Quaid, reports changes in beneficial ownership of company stock due to tax withholding and stock awards.

Summary

• On March 1, 2024, John J. Quaid, Executive VP & Chief Financial Officer of Marathon Petroleum Corp, reported changes in his beneficial ownership of the company's common stock.
• These changes involve the disposition of shares to cover tax obligations and the acquisition of new shares through stock awards.
• Specifically, 467 shares were disposed of at a price of $172.34, another 535 shares were disposed of at a price of $172.34, and another 358 shares were disposed of at a price of $172.34.
• Additionally, 3,674 shares were acquired at $0.
• Following these transactions, Quaid directly owns 32,434 shares of Marathon Petroleum Corp.
• The transactions were reported on Form 4, filed with the SEC on March 5, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations. The acquisition of shares is a slightly positive signal.

Positives

• The acquisition of 3,674 shares indicates continued alignment of the executive's interests with the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates