Marathon Petroleum (MPC) SVP files Form 4 for stock gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marathon Petroleum Corp senior vice president Shawn M. Lyon reported a bona fide gift of 1,186 shares of Common Stock. The gift reduced his directly held shares to 15,119. He also reports 2,927.612 shares held indirectly through a 401(k) plan, including 13.305 shares acquired via dividend reinvestment and not previously reported under Rule 16a-11.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,186 shares gifted
Mixed
2 txns
Insider
Lyon Shawn M
Role
SVP Log & Storage, MPLX GP LLC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,186 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,119 shares (Direct);
Common Stock — 2,927.612 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Shawn M. Lyon report for Marathon Petroleum (MPC)?
Shawn M. Lyon reported a bona fide gift of 1,186 Marathon Petroleum common shares. This non-market transfer is coded as a gift disposition, meaning no sale proceeds were involved and it mainly reflects personal estate or gifting decisions rather than trading activity.
What does the 401(k) plan holding mean in Shawn M. Lyon’s Marathon Petroleum (MPC) Form 4?
The Form 4 shows 2,927.612 Marathon Petroleum shares held indirectly through a 401(k) plan. This entry reflects retirement-plan holdings rather than open-market trading and supplements his directly owned 15,119 shares after the reported gift transaction.
How were dividend reinvestments reflected in this Marathon Petroleum (MPC) insider filing?
A footnote states that 13.305 shares were acquired through dividend reinvestment and not previously reported under Rule 16a-11. These shares are included within the 401(k) plan total, providing a more complete picture of Lyon’s indirectly held Marathon Petroleum stock.
Did the reported Marathon Petroleum (MPC) Form 4 involve an open-market sale or purchase?
The filing indicates a bona fide gift of 1,186 shares, not an open-market sale or purchase. The transaction price per share is shown as zero, underscoring that this was a non-market transfer rather than a trade executed on an exchange.