MPLX (MPLX) legal chief reports unit grant and tax dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MPLX LP insider Molly R. Benson, Chief Legal Officer and Corporate Secretary, reported equity compensation activity in common units. On March 1, she acquired 8,803 units as a grant at $0.0000 per unit. On March 2, she disposed of 614, 1,240, and 998 units at $59.22 per unit through tax-withholding dispositions to cover tax liabilities, leaving 46,114 units held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Benson Molly R
Role
Chief Legal Ofc & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Units (Limited Partner Interests) | 614 | $59.22 | $36K |
| Tax Withholding | Common Units (Limited Partner Interests) | 1,240 | $59.22 | $73K |
| Tax Withholding | Common Units (Limited Partner Interests) | 998 | $59.22 | $59K |
| Grant/Award | Common Units (Limited Partner Interests) | 8,803 | $0.00 | -- |
Holdings After Transaction:
Common Units (Limited Partner Interests) — 48,352 shares (Direct)
Footnotes (1)
FAQ
What insider transactions did Molly R. Benson report for MPLX on this Form 4?
Molly R. Benson reported receiving a grant of 8,803 MPLX common units on March 1 and three tax-withholding dispositions totaling 2,852 units on March 2 at $59.22 per unit, reflecting equity compensation and related tax payments.
Was the MPLX insider activity a stock sale or tax withholding event?
The MPLX insider activity was a tax-withholding disposition, not an open-market sale. Code F transactions indicate units were surrendered to cover tax liabilities related to equity compensation, rather than discretionary selling into the market.
How many MPLX units does Molly R. Benson hold after these transactions?
After the reported transactions, Molly R. Benson holds 46,114 MPLX common units directly. This figure reflects the 8,803-unit grant she received and the 2,852 units surrendered for tax withholding across the three Form 4 line items.
What price was used for the MPLX tax-withholding dispositions on this Form 4?
Each tax-withholding disposition of MPLX common units was valued at $59.22 per unit. This price was applied to the 614, 1,240, and 998 units delivered to satisfy tax obligations arising from the equity award.
What do the transaction codes A and F mean in the MPLX Form 4 filing?
In this MPLX Form 4, code A identifies a grant or award acquisition of 8,803 units, while code F indicates tax-withholding dispositions, where 614, 1,240, and 998 units were delivered to cover exercise price or tax liabilities.