MPLX (MPLX) director receives 2,579.543-unit 2026 equity retainer award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STICE J MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
MPLX LP director J. Michael Stice received an equity grant of 2,579.543 Common Units (Limited Partner Interests) on an award valued at $0.0000 per unit. This represents his annual 2026 equity retainer award. Following the grant, he directly holds 55,874.697 common units and indirectly holds 700 common units through The Mike Stice Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
STICE J MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units (Limited Partner Interests) | 2,579.543 | $0.00 | -- |
| holding | Common Units (Limited Partner Interests) | -- | -- | -- |
Holdings After Transaction:
Common Units (Limited Partner Interests) — 55,874.697 shares (Direct, null);
Common Units (Limited Partner Interests) — 700 shares (Indirect, The Mike Stice Trust)
Footnotes (1)
- [object Object]
Key Figures
Equity units granted: 2,579.543 units
Grant price per unit: $0.0000 per unit
Direct holdings after grant: 55,874.697 units
+2 more
5 metrics
Equity units granted
2,579.543 units
Annual 2026 equity retainer award
Grant price per unit
$0.0000 per unit
Price for 2,579.543-unit equity award
Direct holdings after grant
55,874.697 units
Common units held directly after transaction
Indirect holdings
700.0000 units
Common units held via The Mike Stice Trust
Acquire transactions
1 transaction
Grant/award acquisition in transaction summary
Key Terms
Common Units (Limited Partner Interests), annual 2026 equity retainer award, indirect ownership, Grant, award, or other acquisition
4 terms
Common Units (Limited Partner Interests) financial
"security_title: "Common Units (Limited Partner Interests)""
annual 2026 equity retainer award financial
"Represents the reporting person's annual 2026 equity retainer award."
indirect ownership financial
"700.0000 units reported as indirect ownership 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) director J. Michael Stice report?
Director J. Michael Stice reported receiving an equity grant of 2,579.543 MPLX common units. The units were awarded at $0.0000 per unit as part of his annual 2026 equity retainer, reflecting compensation rather than an open-market purchase or sale.
How many MPLX units does J. Michael Stice hold after this Form 4 filing?
After the reported grant, J. Michael Stice directly holds 55,874.697 MPLX common units. In addition, The Mike Stice Trust holds 700 common units indirectly, giving visibility into both his direct and trust-related ownership positions as disclosed in the filing.
Was the MPLX equity grant to J. Michael Stice an open-market purchase?
No, the Form 4 shows a grant of 2,579.543 MPLX common units at $0.0000 per unit. The transaction code indicates a grant or award, and the footnote clarifies it is his annual 2026 equity retainer award, not an open-market purchase.
What does the footnote in J. Michael Stice’s MPLX Form 4 explain?
The footnote explains that the 2,579.543 MPLX common units reported represent J. Michael Stice’s annual 2026 equity retainer award. This clarifies the transaction is compensation-related, distinguishing it from discretionary buying or selling activity in the open market.
How is indirect ownership reported for J. Michael Stice in MPLX units?
The Form 4 reports 700 MPLX common units as indirectly owned through The Mike Stice Trust. This indirect entry is categorized as a holding record, providing transparency into trust-held units associated with the director, alongside his larger directly held position.