MPLX LP (MPLX) director receives 982-unit equity grant award
Rhea-AI Filing Summary
MPLX LP (MPLX) reported that director J. Michael Stice received a grant of 982.715 Common Units (Limited Partner Interests) on 2026-08-14 at a stated price of $0.0000 per unit, described as a grant/award acquisition. Following this grant, he holds 58,412.913 units directly and 700 units indirectly through The Mike Stice Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 982.715 shares
Net Buy
2 txns
Insider
STICE J MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units (Limited Partner Interests) | 982.715 | $0.00 | $0.00 |
| holding | Common Units (Limited Partner Interests) | -- | -- | -- |
Holdings After Transaction:
Common Units (Limited Partner Interests) — 58,412.913 shares (Direct);
Common Units (Limited Partner Interests) — 700 shares (Indirect, The Mike Stice Trust)
Key Figures
Units granted: 982.715 Common Units (Limited Partner Interests)
Grant price per unit: $0.0000 per unit
Direct holdings after transaction: 58,412.913 units
+1 more
4 metrics
Units granted
982.715 Common Units (Limited Partner Interests)
Grant, award, or other acquisition on 2026-08-14
Grant price per unit
$0.0000 per unit
Stated transaction price for the 982.715-unit grant
Direct holdings after transaction
58,412.913 units
Common Units owned directly by J. Michael Stice following the grant
Indirect holdings after transaction
700.0000 units
Common Units held indirectly through The Mike Stice Trust
Key Terms
Common Units (Limited Partner Interests), indirect, grant, award, or other acquisition
3 terms
Common Units (Limited Partner Interests) financial
"security_title: Common Units (Limited Partner Interests)"
indirect financial
"ownership_type: indirect through The Mike Stice Trust"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did MPLX (MPLX) disclose for J. Michael Stice?
MPLX disclosed that director J. Michael Stice received a grant of 982.715 Common Units on 2026-08-14. The transaction is coded as a grant, award, or other acquisition, with a stated per-unit price of $0.0000, indicating a compensation-type award.
How many MPLX (MPLX) units does J. Michael Stice own after this Form 4 transaction?
After the reported grant, J. Michael Stice holds 58,412.913 MPLX Common Units directly. He also has 700 units held indirectly through The Mike Stice Trust, bringing his reported total exposure in this filing to 59,112.913 units.
Was the MPLX (MPLX) insider grant to J. Michael Stice a market purchase or a compensation award?
The transaction is coded as “Grant, award, or other acquisition” (code A), not a market purchase. The per-unit price is shown as $0.0000, consistent with a compensation or board-related equity award rather than an open-market buy.
Does J. Michael Stice hold any MPLX (MPLX) units indirectly?
Yes. In addition to his direct holdings, the filing reports 700 MPLX Common Units held indirectly through The Mike Stice Trust. This indirect position is shown as a holding entry, separate from his directly owned units.
Was the MPLX (MPLX) insider transaction made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox as not checked, so the transaction is not affirmed as made under a Rule 10b5-1 trading plan. The filing does not describe it as pre-arranged under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
