Marathon Petroleum (NYSE: MPC) officer to sell stock worth $323,960
Rhea-AI Filing Summary
Marathon Petroleum Corp (MPC) has a notice of proposed sale of securities under Rule 144 filed for officer Carl Kristopher Hagedorn. The notice covers 897 shares of common stock to be sold through Fidelity Brokerage Services LLC on the NYSE, with a stated aggregate market value of $323,960.52 as of August 24, 2026. The shares relate to restricted stock vesting from the issuer on March 1, 2026, received as compensation. The form is signed by a duly authorized representative of Fidelity acting as attorney-in-fact for Carl Hagedorn.
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Key Figures
Shares proposed to be sold: 897 shares of common stock
Aggregate market value: $323,960.52
Planned sale date reference: 08/24/2026
+2 more
5 metrics
Shares proposed to be sold
897 shares of common stock
Amount of Marathon Petroleum Corp common stock covered by the Rule 144 notice
Aggregate market value
$323,960.52
Market value of 897 MPC common shares as of August 24, 2026
Planned sale date reference
08/24/2026
Date referenced for the NYSE sale and market value
Acquisition date of restricted stock
03/01/2026
Date of restricted stock vesting from Marathon Petroleum Corp as compensation
Shares from restricted stock vesting
897 shares
Number of MPC common shares acquired via restricted stock vesting
Key Terms
Rule 144, Restricted Stock Vesting, attorney-in-fact, compensation
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Common | 03/01/2026 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as a duly authorized representative of Fidelity ... as attorney-in-fact for Carl Hagedorn"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
compensation financial
"897 | 03/01/2026 | Compensation"
FAQ
What does the Form 144 filing for MPC disclose about planned stock sales?
The Form 144 notice discloses a proposed sale of 897 shares of Marathon Petroleum Corp common stock by officer Carl Kristopher Hagedorn through Fidelity Brokerage Services LLC, with an aggregate market value of $323,960.52 based on pricing as of August 24, 2026.
What role does Fidelity Brokerage Services LLC play in the MPC Form 144?
Fidelity Brokerage Services LLC is listed as the broker for the 897 MPC common shares to be sold and its representative Daniel Tucci signs the notice as a duly authorized representative and attorney-in-fact for Carl Hagedorn.
AI-generated analysis. How Rhea-AI works. Not financial advice.