Form 4: MPLX Director Frank M. Semple Reports Acquisition of Common Units

MPLX director Frank M. Semple acquired 981.554 common units, while also reporting indirect ownership of additional units through various trusts and entities.

Summary

• Frank M. Semple, a director at MPLX LP, reported acquiring 981.554 common units of the company.
• The acquisition was made on November 15, 2024.
• The price per unit was $0, suggesting the acquisition was not a market purchase.
• Following the transaction, Mr. Semple directly owns 49,233.297 common units.
• Mr. Semple also has indirect ownership of 333,337 common units through the Frank M. Semple Revocable Trust.
• Additionally, he has indirect ownership of 111,180 common units through the Robin Y Semple 2012 Dynasty Trust.
• Finally, he has indirect ownership of 48,777 common units through EK Holdings LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a factual report of a transaction.

Management Comments

• The Reporting Person is a Director of MPLX GP LLC, the general partner of the Issuer.
• The Issuer is managed by the directors and executive officers of MPLX GP LLC.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies in the US.
• The reporting of direct and indirect ownership through trusts and entities is also a common practice.
• The transaction is not unusual and is consistent with regulatory requirements for insider trading.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine filing related to a director's ownership.

Key Dates

Keywords

MPLX, common units, director, insider trading, beneficial ownership, Form 4, Frank M. Semple