Form 4: MPLX Director Garry L. Peiffer Reports Share Transactions
SEC Form 4 Filing
MPLX Director Garry L. Peiffer reports the acquisition of 1,098.343 common units and a decrease of 68,497 common units held indirectly through a revocable trust.
Summary
- Garry L. Peiffer, a director at MPLX LP, reported a transaction involving the company's common units.
- On November 15, 2024, Mr. Peiffer acquired 1,098.343 common units at a price of $0.
- Additionally, 68,497 common units were disposed of indirectly through a revocable trust.
- Following these transactions, Mr. Peiffer directly owns 55,091.111 common units and indirectly owns 0 common units through the revocable trust.
Sentiment
Score: 5
Explanation: The document is a routine filing of insider transactions, which is neither positive nor negative in itself. It reflects standard corporate governance practices.
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 standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's securities. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
- The reported transactions are typical for directors who may receive stock-based compensation or manage their holdings through trusts.
- The transaction is similar to other Form 4 filings from directors of comparable companies.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the trading activities of a company director.
- The filing is a routine part of corporate governance and does not indicate any significant change in the company's operations or outlook.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date of the reported transaction involving the acquisition and disposal of common units. |
| 11/19/2024 | Date the form was signed by Molly R. Benson, Attorney-in-Fact for Garry L. Peiffer. |
Keywords
MPLX, Director, Garry L. Peiffer, Common Units, Share Transaction, Beneficial Ownership, Form 4, Revocable Trust
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