MPLX director awarded 1,098 common units
MPLX LP director J. Michael Stice reported an equity award of 1,098.213 common units.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
MPLX LP director J. Michael Stice reported an equity award of 1,098.213 common units. The units were acquired at a reported price of $0.00 per unit as a grant or award, bringing his directly held common units to 56,972.910. He also reports indirect ownership of 700 common units through The Mike Stice Trust.
Insider Trade Summary
Grant/Award: 1,098.213 shares
Grant/Award
1 txn
Insider
STICE J MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units (Limited Partner Interests) | 1,098.213 | $0.00 | $0.00 |
| Holding | Common Units (Limited Partner Interests) | -- | -- | -- |
Holdings After Transaction:
Common Units (Limited Partner Interests) — 56,972.91 shares (Direct);
Common Units (Limited Partner Interests) — 700 shares (Indirect, The Mike Stice Trust)
Key Figures
Units granted: 1,098.213 units
Grant price: $0.00 per unit
Direct holdings after grant: 56,972.910 units
+1 more
4 metrics
Units granted
1,098.213 units
Equity award on May 15, 2026
Grant price
$0.00 per unit
Reported transaction price for awarded units
Direct holdings after grant
56,972.910 units
Common units directly held following transaction
Indirect holdings
700 units
Common units held via The Mike Stice Trust
Key Terms
Common Units (Limited Partner Interests), grant/award acquisition, indirect ownership, Form 4
4 terms
Common Units (Limited Partner Interests) financial
"security_title: "Common Units (Limited Partner Interests)""
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership "The Mike Stice Trust""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MPLX director J. Michael Stice report?
J. Michael Stice reported receiving an equity award of 1,098.213 MPLX common units. The filing classifies this as a grant or award acquisition, rather than an open-market purchase, reflecting routine compensation rather than a discretionary trade in the public market.
At what price were the MPLX units granted to J. Michael Stice?
The 1,098.213 MPLX common units were reported at a transaction price of $0.00 per unit. This indicates they were granted as compensation or an award, not bought on the open market, consistent with the Form 4 code for a grant or award acquisition.
How many MPLX units does J. Michael Stice hold after this grant?
Following the reported grant, J. Michael Stice directly holds 56,972.910 MPLX common units. The Form 4 also shows 700 additional common units held indirectly through The Mike Stice Trust, providing a view of both his direct and indirect ownership positions.
What is the significance of indirect ownership via The Mike Stice Trust for MPLX?
The filing lists 700 MPLX common units held indirectly through The Mike Stice Trust. Indirect ownership means the units are held by a related entity, but still associated with the reporting person, giving investors additional context on total exposure beyond directly registered holdings.
Was this MPLX Form 4 transaction a buy or sell in the market?
The transaction was not an open-market buy or sell. The Form 4 uses code A, describing a grant, award, or other acquisition, with a price of $0.00 per unit, indicating compensation-related issuance instead of a discretionary market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
