Form 4: MPLX Director Frank M. Semple Reports Changes in Beneficial Ownership

Director Frank M. Semple of MPLX LP reported a transaction involving the acquisition of common units and adjustments to indirect holdings.

Summary

• Frank M. Semple, a director at MPLX LP, reported a transaction on January 2, 2025, involving common units.
• He acquired 737.561 common units at a price of $0.
• Following the transaction, Mr. Semple directly owns 49,970.858 common units.
• He also has indirect ownership through the Frank M. Semple Revocable Trust (333,337 units), the Robin Y Semple 2012 Dynasty Trust (111,180 units), and EK Holdings LLC (48,777 units).

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 filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice 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, as mandated by the SEC.
• The reported transaction is typical of equity-based compensation or adjustments to holdings, and the level of detail is consistent with SEC requirements.
• Similar filings can be seen from directors of other master limited partnerships (MLPs) such as Enterprise Products Partners (EPD) and Energy Transfer (ET).

Stakeholder Impact

• This filing provides transparency to shareholders regarding the ownership of company stock by a director.
• The transaction itself is unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

MPLX, Director, Beneficial Ownership, Common Units, Form 4, Securities, Transaction