Form 4: MPLX LP Director Frank M. Semple Reports Changes in Beneficial Ownership
SEC Form 4
Director Frank M. Semple reports changes in beneficial ownership of MPLX LP common units.
Summary
- On May 13, 2024, Frank M. Semple, a director of MPLX LP, reported a transaction involving common units (limited partner interests).
- Semple acquired 923.704 common units at $0 and disposed of an unspecified amount.
- Following the transaction, Semple directly owns 45,685.268 common units.
- Semple also indirectly owns common units 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: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction involving common units. |
| 05/15/2024 | Date of signature by Attorney-in-Fact. |
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