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 due to equity retainer award and trust transactions.

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 May 1, 2025, Peiffer acquired 2,481.143 common units as part of his annual 2025 equity retainer award.
• On the same day, he disposed of 68,497 common units held indirectly through a revocable trust.
• Following these transactions, Peiffer directly owns 59,397.079 common units and indirectly owns 0 common units through the Garry L. Peiffer 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 standard regulatory filing, and the transactions described are part of normal director compensation and trust management. Therefore, the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company director, which is standard practice for publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of MPLX LP by its directors.

Key Dates

Keywords

MPLX LP, Form 4, Beneficial Ownership, Director, Equity Retainer, Common Units, Garry L. Peiffer, Revocable Trust