Form 4: MPLX LP Director J. Michael Stice Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director J. Michael Stice reports acquisition and disposal of MPLX LP common units.
Summary
- On July 1, 2024, J. Michael Stice, a director of MPLX LP, acquired 830.807 common units at an unspecified price.
- On the same day, Stice disposed of 700 common units.
- Following these transactions, Stice directly owns 42,247.863 common units and indirectly owns 700 common units through The Mike Stice Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies.
Stakeholder Impact
- The change in ownership may be of interest to shareholders, but the relatively small number of units involved suggests a minimal impact.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: acquisition of 830.807 common units and disposal of 700 common units. |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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