MPLX LP (NYSE: MPLX) amends director Surma's 2026 equity retainer award
Rhea-AI Filing Summary
SURMA JOHN P reported acquisition or exercise transactions in this Form 4 filing.
John P. Surma, a director associated with MPLX LP, received a grant of 3,028.941 Common Units (Limited Partner Interests) on April 30, 2026 as his annual 2026 equity retainer award, at a stated price of $0.0000 per unit.
This amendment corrects the previously reported amount of the 2026 equity retainer grant and states that Surma beneficially owned 92,219.200 common units directly following the award as of April 30, 2026; this balance excludes any transactions after that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,028.941 shares
Net Buy
1 txn
Insider
SURMA JOHN P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units (Limited Partner Interests) F1, F2, F3 | 3,028.941 | $0.00 | $0.00 |
Holdings After Transaction:
Common Units (Limited Partner Interests) — 92,219.2 shares (Direct)
Footnotes (3)
- F1. Represents the reporting person's annual 2026 equity retainer award.
- F2. This Form 4 is being amended to reflect the correct amount of the annual 2026 equity retainer award.
- F3. This amount reflects the correct balance of securities beneficially owned as of April 30, 2026. This balance does not include any transactions that occurred after April 30, 2026.
Key Figures
2026 equity retainer units granted: 3,028.941 common units
Grant price per unit: $0.0000 per unit
Units beneficially owned after grant: 92,219.200 common units
3 metrics
2026 equity retainer units granted
3,028.941 common units
Annual 2026 equity retainer award granted on April 30, 2026
Grant price per unit
$0.0000 per unit
Stated price for the 2026 equity retainer common unit grant
Units beneficially owned after grant
92,219.200 common units
Direct beneficial ownership balance as of April 30, 2026 after the award
Key Terms
Common Units (Limited Partner Interests), equity retainer award, beneficially owned
3 terms
Common Units (Limited Partner Interests) financial
"security title listed as Common Units (Limited Partner Interests)"
equity retainer award financial
"Represents the reporting person's annual 2026 equity retainer award."
beneficially owned financial
"reflects the correct balance of securities beneficially owned as of April 30, 2026"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did John P. Surma report for MPLX (MPLX) on April 30, 2026?
John P. Surma reported an equity grant of 3,028.941 MPLX common units on April 30, 2026 as his annual 2026 equity retainer award, received at a stated price of $0.0000 per unit as director compensation.
How many MPLX (MPLX) units were included in the 2026 equity retainer award?
The 2026 equity retainer award to John P. Surma consisted of 3,028.941 common units. These units represent his annual 2026 equity retainer as a director, granted on April 30, 2026, and reported as an acquisition rather than a sale.
Why was the MPLX (MPLX) insider report for John P. Surma amended?
The insider report was amended to reflect the correct amount of John P. Surma’s annual 2026 equity retainer award. The amendment clarifies the exact units granted and updates the reported balance of securities beneficially owned as of April 30, 2026.
How many MPLX (MPLX) units does John P. Surma beneficially own after this grant?
Following the grant, John P. Surma beneficially owned 92,219.200 MPLX common units directly as of April 30, 2026. This reported balance applies only through that date and does not include any transactions occurring afterward.
Was John P. Surma’s MPLX (MPLX) equity grant made under a Rule 10b5-1 plan?
The disclosure indicates the transaction was not made under a Rule 10b5-1 trading plan, as the Rule 10b5-1 checkbox is not affirmed. The grant is characterized as an annual 2026 equity retainer award for his director service.
What is John P. Surma’s role in relation to MPLX (MPLX)?
John P. Surma serves as a director of MPLX GP LLC, the general partner of MPLX LP. MPLX LP is managed by the directors and executive officers of MPLX GP LLC, and his reported equity grant relates to this board service.