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

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

Summary

• On April 1, 2024, John P. Surma, a director of MPLX LP, engaged in a transaction involving common units (limited partner interests).
• Surma acquired 862.173 common units at a price of $0.
• Following the transaction, Surma's beneficial ownership of common units stands at 72,426.888.
• 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 neutral regulatory filing, reflecting standard reporting requirements for insider transactions.

Management Comments

• 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.

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 companies.

Stakeholder Impact

• The transaction may have a minor impact on shareholder sentiment, reflecting insider confidence or portfolio adjustments.

Key Dates