Marathon Petroleum (MPC) executive logs stock award and tax-withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marathon Petroleum Corp executive Gregory Scott Floerke reported multiple equity transactions in company common stock. On March 1, he acquired 1,730 shares through a grant or award at $0 per share, increasing his direct holdings. On March 2, he disposed of a total of 807 shares at $206.30 per share to cover tax liabilities by delivering shares. After these transactions, his direct ownership totaled 31,031 shares, with an additional 737.499 shares held indirectly through a 401(k) plan, reflecting small administrative and contribution adjustments noted in the footnote.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Floerke Gregory Scott
Role
Ex VP & COO, MPLX GP LLC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 278 | $206.30 | $57K |
| Tax Withholding | Common Stock | 251 | $206.30 | $52K |
| Tax Withholding | Common Stock | 278 | $206.30 | $57K |
| Grant/Award | Common Stock | 1,730 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 31,560 shares (Direct);
Common Stock — 737.499 shares (Indirect, By 401(k) Plan)
Footnotes (1)
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FAQ
What insider transactions did Gregory Scott Floerke report at Marathon Petroleum (MPC)?
Gregory Scott Floerke reported a stock award and related tax-withholding dispositions in Marathon Petroleum common stock. He received 1,730 shares as a grant, then used 807 shares at $206.30 each to cover tax obligations, leaving 31,031 shares held directly afterward.
Were any of Floerke’s Marathon Petroleum (MPC) transactions open-market sales?
The reported dispositions were not open-market sales. Floerke used 807 Marathon Petroleum shares, priced at $206.30 each, for tax-withholding purposes. The filing describes these as payments of tax liability by delivering securities, rather than discretionary selling into the market.
What does the Form 4 footnote about the 401(k) holdings in Marathon Petroleum (MPC) explain?
The footnote explains that the 401(k) account reflects a deduction of 0.004 shares as an administrative fee and 11.268 shares of contributions not previously reported. These adjustments refine the total 737.499 indirectly held Marathon Petroleum shares in the plan.