Form 4: MPLX LP Director J. Michael Stice Reports Changes in Beneficial Ownership
SEC Form 4 Filing
J. Michael Stice, a director of MPLX LP, reported the acquisition and disposal of common units, as well as indirect ownership through a trust.
Summary
- J. Michael Stice, a director of MPLX LP, filed a Form 4 to report changes in beneficial ownership.
- On May 13, 2024, Stice acquired 837.405 common units of MPLX LP at an unspecified price.
- On the same day, Stice disposed of 700 common units.
- Following these transactions, Stice directly owns 41,417.056 common units.
- Stice also has indirect ownership through The Mike Stice Trust.
Sentiment
Score: 5
Explanation: This is a routine filing of stock ownership changes by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and major shareholders) to report transactions in their company's securities to the SEC. This ensures transparency and helps prevent insider trading.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Acquisition of 837.405 common units and disposal of 700 common units. |
| 05/15/2024 | Date of signature for the report. |
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