Raymond L. Brooks - May 23, 2022 Form 4 Insider Report for Marathon Petroleum Corp (MPC)

Signature
/s/ Molly R. Benson, Attorney-in-Fact for Raymond L. Brooks
Stock symbol
MPC
Transactions as of
May 23, 2022
Transactions value $
-$5,179,202
Form type
4
Date filed
5/25/2022, 04:47 PM
Previous filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPC Common Stock Options Exercise $686K +13.5K +21.32% $50.88 76.7K May 23, 2022 Direct
transaction MPC Common Stock Sale -$1.31M -13.5K -17.57% $97.02 63.2K May 23, 2022 Direct F1
transaction MPC Common Stock Options Exercise $2.26M +44.2K +69.95% $50.99 107K May 23, 2022 Direct
transaction MPC Common Stock Sale -$4.28M -44.2K -41.16% $96.83 63.2K May 23, 2022 Direct F2
transaction MPC Common Stock Options Exercise $2.06M +31.8K +50.25% $64.79 95K May 23, 2022 Direct
transaction MPC Common Stock Sale -$3.07M -31.8K -33.44% $96.72 63.2K May 23, 2022 Direct F3
transaction MPC Common Stock Options Exercise $2.78M +44.4K +70.12% $62.68 108K May 23, 2022 Direct
transaction MPC Common Stock Sale -$4.29M -44.4K -41.22% $96.82 63.2K May 23, 2022 Direct F4
holding MPC Common Stock 27.1K May 23, 2022 By 401(k) Plan F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -13.5K -100% $0.00* 0 May 23, 2022 Common Stock 13.5K $50.88 Direct F6
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -44.2K -100% $0.00* 0 May 23, 2022 Common Stock 44.2K $50.99 Direct F7
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -31.8K -100% $0.00* 0 May 23, 2022 Common Stock 31.8K $64.79 Direct F8
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -44.4K -100% $0.00* 0 May 23, 2022 Common Stock 44.4K $62.68 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.00 to $97.06, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.81 to $96.92, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.71 to $96.81, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.78 to $96.91, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4.
F5 Includes 204.195 shares acquired pursuant to dividend reinvestment and not previously reported pursuant to Rule 16a-11. Also reflects the deduction of an administrative fees in the amount of .061 shares.
F6 This option, in the amount of 13,484, is exercisable as follows: 4,494 shares on April 1, 2016, 4,495 shares on April 1, 2017 and 4,495 shares on April 1, 2018.
F7 This option, in the amount of 44,242, is exercisable as follows: 14,747 shares on March 1, 2018, 14,747 shares on March 1, 2019 and 14,748 shares on March 1, 2020.
F8 This option, in the amount of 31,779, is exercisable as follows: 10,593 shares on March 1, 2019, 10,593 shares on March 1, 2020 and 10,593 shares on December 28, 2020.
F9 This option, in the amount of 44,352, is exercisable as follows: 14,784 shares on March 1, 2020 and 29,568 shares on December 28, 2020.

Remarks:

Executive Vice President, Refining