Director at MPLX (NYSE: MPLX) receives 1,656-unit equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SURMA JOHN P reported acquisition or exercise transactions in this Form 4 filing.
MPLX LP director John P. Surma received a grant of 1,656.317 Common Units (limited partner interests) on May 15, 2026. The units were awarded at a reported price of $0.00 per unit as compensation, increasing his direct holdings to 93,426.119 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SURMA JOHN P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units (Limited Partner Interests) | 1,656.317 | $0.00 | -- |
Holdings After Transaction:
Common Units (Limited Partner Interests) — 93,426.119 shares (Direct, null)
Footnotes (1)
Key Figures
Units granted: 1,656.317 units
Grant price: $0.00 per unit
Holdings after grant: 93,426.119 units
3 metrics
Units granted
1,656.317 units
Equity grant on May 15, 2026
Grant price
$0.00 per unit
Reported transaction price for awarded units
Holdings after grant
93,426.119 units
Total direct MPLX units after transaction
Key Terms
Common Units (Limited Partner Interests), Grant, award, or other acquisition, transaction code A
3 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"
transaction code A regulatory
"transaction_code: A, indicating a grant, award, or other acquisition"
FAQ
What insider transaction did MPLX director John P. Surma report?
John P. Surma reported receiving a grant of 1,656.317 MPLX Common Units. The award was recorded at a price of $0.00 per unit, reflecting a compensation-related equity grant rather than an open-market purchase or sale.
How many MPLX units does John P. Surma hold after this Form 4 grant?
After the reported grant, John P. Surma directly holds 93,426.119 MPLX Common Units. This figure includes the newly awarded 1,656.317 units and represents his post-transaction ownership position disclosed in the Form 4 filing.
Was the MPLX equity grant to John P. Surma an open-market purchase?
No, the 1,656.317 MPLX units were reported with transaction code A, indicating a grant, award, or other acquisition. The transaction price per unit was disclosed as $0.00, consistent with a compensation grant rather than an open-market purchase.
What does transaction code A mean in the MPLX Form 4 for John P. Surma?
Transaction code A in this MPLX Form 4 denotes a grant, award, or other acquisition of securities. For John P. Surma, it reflects a compensation-related grant of 1,656.317 Common Units instead of a market trade initiated by the director.
Is John P. Surma’s MPLX ownership direct or indirect after this transaction?
The filing identifies John P. Surma’s ownership as direct, using ownership code D. This means the 93,426.119 MPLX Common Units reported after the transaction are held directly in his name, rather than through an intermediate entity or trust.