Form 4: MPLX LP Director Frank M. Semple Reports Changes in Beneficial Ownership
SEC Form 4
Director Frank M. Semple reports acquisition and disposal of MPLX LP common units, along with holdings through trusts and an LLC.
Summary
- Frank M. Semple, a director of MPLX LP, filed a Form 4 detailing changes in his beneficial ownership of the company's common units.
- On July 1, 2024, Semple acquired 830.807 common units at an unspecified price.
- Semple also reported disposing of 333,337 common units.
- Following these transactions, Semple directly owns 46,516.075 common units.
- Semple 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 standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction (acquisition and disposal of common units). |
| 07/03/2024 | Date of signature by Attorney-in-Fact. |
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