Form 4: MPLX LP Executive VP and COO Reports Changes in Beneficial Ownership
SEC Form 4
Gregory Scott Floerke, Executive VP and COO of MPLX LP, reports changes in his beneficial ownership of common units, including acquisitions and disposals related to tax obligations.
Summary
- Gregory Scott Floerke, the Executive VP and COO of MPLX LP, filed a Form 4 detailing changes in his beneficial ownership of MPLX common units.
- On March 1, 2025, Floerke acquired 6,014 common units.
- On March 3, 2025, Floerke disposed of 1,054, 995, and 1,100 common units at a price of $54.34 per unit to cover tax obligations.
- Following these transactions, Floerke directly owns 92,485 common units of MPLX LP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company executive, which is a common practice among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Acquisition of 6,014 common units |
| 03/03/2025 | Disposal of 1,054 common units at $54.34 |
| 03/03/2025 | Disposal of 995 common units at $54.34 |
| 03/03/2025 | Disposal of 1,100 common units at $54.34 |
| 03/04/2025 | Date of signature for the Form 4 filing |
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