MPLX (MPLX) director Garry Peiffer granted 1,303 common units in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Peiffer Garry L. reported acquisition or exercise transactions in this Form 4 filing.
MPLX LP director Garry L. Peiffer reported receiving additional common units as equity compensation and updated his holdings. He was granted 1,303.501 common units of MPLX LP at no cost, bringing his directly held units to 67,622.833. He also reported indirect ownership of 68,497 common units held by the Garry L. Peiffer Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Peiffer Garry L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units (Limited Partner Interests) | 1,303.501 | $0.00 | -- |
| holding | Common Units (Limited Partner Interests) | -- | -- | -- |
Holdings After Transaction:
Common Units (Limited Partner Interests) — 67,622.833 shares (Direct, null);
Common Units (Limited Partner Interests) — 68,497 shares (Indirect, By Revocable Trust)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 1,303.501 units
Grant price: $0.00 per unit
Direct holdings after grant: 67,622.833 units
+1 more
4 metrics
Equity grant size
1,303.501 units
Common units granted on May 15, 2026
Grant price
$0.00 per unit
Price for awarded common units
Direct holdings after grant
67,622.833 units
Direct MPLX common units following transaction
Indirect trust holdings
68,497 units
Units held by Garry L. Peiffer Revocable Trust
Key Terms
Common Units (Limited Partner Interests), Grant, award, or other acquisition, Revocable Trust, indirect ownership
4 terms
Common Units (Limited Partner Interests) financial
"security_title: "Common Units (Limited Partner Interests)""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
Revocable Trust financial
"nature_of_ownership: "By Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirect ownership financial
"ownership_type: "indirect""
FAQ
What insider transaction did MPLX director Garry L. Peiffer report?
MPLX director Garry L. Peiffer reported an equity grant of 1,303.501 common units. These units were acquired at a price of $0.00 per unit as compensation, increasing his directly held MPLX LP common units to 67,622.833 after the transaction.
At what price were the new MPLX LP units granted to Garry L. Peiffer?
The newly granted MPLX LP common units to Garry L. Peiffer had a transaction price of $0.00 per unit. This indicates a compensation-related award rather than an open-market purchase, reflecting additional equity granted by the partnership instead of cash investment.
How many MPLX LP units does Garry L. Peiffer hold directly after this Form 4?
After the reported transaction, Garry L. Peiffer directly holds 67,622.833 MPLX LP common units. This figure reflects his position following the 1,303.501-unit equity grant recorded on May 15, 2026, and represents his direct ownership separate from trust-held units.
What indirect MPLX LP holdings are reported for Garry L. Peiffer?
The Form 4 shows 68,497 MPLX LP common units held indirectly through the Garry L. Peiffer Revocable Trust. This trust-related position is reported as indirect ownership, separate from his directly owned 67,622.833 units following the compensation grant on May 15, 2026.
Was Garry L. Peiffer’s MPLX unit transaction a market buy or compensation grant?
The transaction is classified as a grant or award acquisition, not a market buy. Code “A” indicates a compensation-related grant of 1,303.501 MPLX common units at $0.00 per unit, rather than an open-market purchase on a stock exchange.
Does the MPLX Form 4 show any insider sales by Garry L. Peiffer?
The Form 4 does not report any sales by Garry L. Peiffer. It shows one compensation-related acquisition of 1,303.501 MPLX common units and an entry reflecting 68,497 units held indirectly by his revocable trust, with no dispose or sell transactions listed.