Form 4: MPLX LP Director John P. Surma Reports Change in Beneficial Ownership

Director John P. Surma reports a transaction involving MPLX LP common units, resulting in a change in beneficial ownership.

Summary

• On February 14, 2025, John P. Surma, a director of MPLX LP, engaged in a transaction involving common units (limited partner interests).
• Surma acquired 1,268.561 common units at a price of $0.
• Following the transaction, Surma beneficially owns 80,160.645 common units.
• 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.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a change in ownership.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company director, which is a common practice in publicly traded partnerships like MPLX LP. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholders, as it reflects insider activity.

Key Dates

Keywords

MPLX LP, John P. Surma, beneficial ownership, common units, director, Form 4, MPLX