Form 4: MPLX LP Executive Michael J. Hennigan Reports Changes in Beneficial Ownership

Michael J. Hennigan, President & CEO of MPLX LP, reports transactions involving common units, including acquisitions and disposals, resulting in an adjusted beneficial ownership.

Summary

• On March 1, 2024, Michael J. Hennigan, President & CEO of MPLX LP, reported changes in his beneficial ownership of MPLX common units.
• He disposed of 12,371 common units at a price of $38.87.
• He disposed of 9,949 common units at a price of $38.87.
• He disposed of 10,270 common units at a price of $38.87.
• He acquired 76,803 common units at a price of $0.
• Following these transactions, Hennigan directly owns 360,320 common units.
• The reporting person is Chairman of the Board of Directors, President and Chief Executive Officer of MPLX GP LLC, the general partner of the Issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports transactions. The acquisition at $0 is a positive, but the disposals at $38.87 are a negative.

Positives

• The acquisition of 76,803 common units at $0 increases the executive's stake in the company.

Management Comments

• The Reporting Person is Chairman of the Board of Directors, President and Chief Executive Officer 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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The change in ownership may be of interest to shareholders.

Key Dates