Director J. Michael Stice granted MPLX (MPLX) common units on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MPLX LP director J. Michael Stice received an equity grant of common units. He was awarded 981.957 common units (limited partner interests) of MPLX LP on February 17, 2026, recorded as a grant or other acquisition with no cash price shown per unit.
After this grant, Stice directly holds 53,295.154 common units. In addition, 700 common units are held indirectly through The Mike Stice Trust, reflecting a separate indirect ownership position rather than a new transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
STICE J MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units (Limited Partner Interests) | 981.957 | $0.00 | -- |
| holding | Common Units (Limited Partner Interests) | -- | -- | -- |
Holdings After Transaction:
Common Units (Limited Partner Interests) — 53,295.154 shares (Direct);
Common Units (Limited Partner Interests) — 700 shares (Indirect, The Mike Stice Trust)
Footnotes (1)
FAQ
What did MPLX director J. Michael Stice report on this Form 4 for MPLX?
J. Michael Stice reported receiving 981.957 MPLX LP common units as a grant or other acquisition on February 17, 2026. This increased his direct holdings to 53,295.154 units, with an additional 700 units held indirectly through The Mike Stice Trust.
How many MPLX LP units did J. Michael Stice acquire in this transaction?
He acquired 981.957 MPLX LP common units in this filing. The transaction is coded as a grant or other acquisition, meaning it was an award rather than an open-market purchase, and it increased his overall direct equity stake in the partnership.
What is J. Michael Stice’s total direct ownership in MPLX after the reported grant?
After the grant, his direct ownership is 53,295.154 MPLX LP common units. This figure reflects his holdings immediately following the reported award on February 17, 2026, and excludes the additional units held indirectly through The Mike Stice Trust.
How many MPLX units are held indirectly for J. Michael Stice and through what entity?
An additional 700 MPLX LP common units are held indirectly through The Mike Stice Trust. This indirect position is reported separately from his direct holdings and is classified as indirect ownership on the Form 4 without indicating a new transaction amount.
Was the MPLX Form 4 transaction a market purchase or a grant to J. Michael Stice?
The reported transaction was a grant or other acquisition of 981.957 units, not a market purchase. It is coded as a grant-type transaction with a per-unit price of 0.0000, indicating it was awarded as compensation or similar consideration rather than bought.
Did J. Michael Stice sell any MPLX LP units in this Form 4 filing?
No sales were reported in this Form 4. The filing shows one grant or other acquisition of 981.957 common units and an update of indirect holdings, with no disposition or sell transactions disclosed for the reported period.