Form 4: MPLX LP Director Garry L. Peiffer Reports Changes in Beneficial Ownership

Director Garry L. Peiffer reports acquisition and disposal of MPLX LP common units on July 1, 2024, affecting his direct and indirect holdings.

Summary

• Garry L. Peiffer, 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, Peiffer acquired 728.778 common units at a price of $0.
• On the same day, Peiffer disposed of 52,245.724 common units.
• Following these transactions, Peiffer directly owns 0 common units and indirectly owns 68,497 common units through a revocable trust.
• The reporting person is a Director of MPLX GP LLC, the general partner of the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

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

Form 4 filings are standard practice for company insiders to report changes in their ownership, providing transparency to investors.

Stakeholder Impact

• The change in ownership may be of interest to shareholders.

Key Dates