Form 4: MPLX LP Executive Carl Hagedorn Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Carl Hagedorn, Executive VP & Chief Financial Officer of MPLX LP, reports changes in beneficial ownership of common units due to transactions on March 1, 2024.
Summary
- On March 1, 2024, Carl Kristopher Hagedorn, Executive VP & Chief Financial Officer of MPLX LP, reported changes in his beneficial ownership of MPLX LP common units.
- He disposed of 295 common units at a price of $38.87.
- He disposed of another 278 common units at a price of $38.87.
- He acquired 6,227 common units at a price of $0.
- Following these transactions, Hagedorn directly owns 18,750 common units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of 6,227 common units at $0 increases Hagedorn's stake in MPLX LP.
Negatives
- The disposal of 295 and 278 common units indicates a slight decrease in Hagedorn's holdings at a price of $38.87.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transactions involving common units. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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