Form 4: MPLX LP Director J. Michael Stice Reports Changes in Beneficial Ownership
SEC Form 4
Director J. Michael Stice reports acquisition and disposal of MPLX LP common units.
Summary
- J. Michael Stice, a director of MPLX LP, filed a Form 4 detailing changes in his beneficial ownership of the company's common units.
- On April 1, 2024, Stice acquired 862.173 common units.
- Also on April 1, 2024, Stice disposed of 700 common units held indirectly through The Mike Stice Trust.
- Following these transactions, Stice directly owns 40,579.651 common units and indirectly owns 700 common units through the trust.
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 the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: acquisition of 862.173 common units and disposal of 700 common units. |
| 04/03/2024 | Date of report filing. |
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