Michael J. Hennigan - Nov 14, 2022 Form 4 Insider Report for Marathon Petroleum Corp (MPC)

Role
President & CEO, Director
Signature
/s/ Molly R. Benson, Attorney-in-Fact for Michael J. Hennigan
Stock symbol
MPC
Transactions as of
Nov 14, 2022
Transactions value $
-$22,436,953
Form type
4
Date filed
11/16/2022, 06:48 PM
Previous filing
Mar 21, 2022
Next filing
Dec 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPC Common Stock Options Exercise $699K +10.8K +3.33% $64.79 334K Nov 14, 2022 Direct
transaction MPC Common Stock Options Exercise $1.39M +22.1K +6.61% $62.68 356K Nov 14, 2022 Direct
transaction MPC Common Stock Options Exercise $1.93M +40.3K +11.32% $47.73 397K Nov 14, 2022 Direct
transaction MPC Common Stock Sale -$4.1M -33.9K -8.54% $121.08 363K Nov 14, 2022 Direct F1, F2
transaction MPC Common Stock Sale -$6.5M -53.3K -14.69% $121.94 310K Nov 14, 2022 Direct F1, F3
transaction MPC Common Stock Sale -$1.57M -12.8K -4.14% $122.71 297K Nov 14, 2022 Direct F1, F4
transaction MPC Common Stock Options Exercise $699K +10.8K +3.64% $64.79 308K Nov 15, 2022 Direct
transaction MPC Common Stock Options Exercise $1.39M +22.1K +7.18% $62.68 330K Nov 15, 2022 Direct
transaction MPC Common Stock Options Exercise $1.93M +40.3K +12.23% $47.73 370K Nov 15, 2022 Direct
transaction MPC Common Stock Sale -$2.45M -20.6K -5.58% $118.93 349K Nov 15, 2022 Direct F1, F5
transaction MPC Common Stock Sale -$7.61M -63.5K -18.16% $119.85 286K Nov 15, 2022 Direct F1, F6
transaction MPC Common Stock Sale -$1.81M -15K -5.24% $120.63 271K Nov 15, 2022 Direct F1, F7
transaction MPC Common Stock Sale -$114K -937 -0.35% $121.36 270K Nov 15, 2022 Direct F1, F8
transaction MPC Common Stock Options Exercise $560K +8.65K +3.2% $64.79 279K Nov 16, 2022 Direct
transaction MPC Common Stock Options Exercise $1.11M +17.7K +6.36% $62.68 296K Nov 16, 2022 Direct
transaction MPC Common Stock Options Exercise $1.54M +32.3K +10.9% $47.73 329K Nov 16, 2022 Direct
transaction MPC Common Stock Sale -$9.52M -80.1K -24.38% $118.73 249K Nov 16, 2022 Direct F1

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 -10.8K -35.7% $0.00 19.4K Nov 14, 2022 Common Stock 10.8K $64.79 Direct F9
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -22.1K -35.69% $0.00 39.8K Nov 14, 2022 Common Stock 22.1K $62.68 Direct F10
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -40.3K -35.7% $0.00 72.7K Nov 14, 2022 Common Stock 40.3K $47.73 Direct F11
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -10.8K -55.52% $0.00 8.65K Nov 15, 2022 Common Stock 10.8K $64.79 Direct F9
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -22.1K -55.49% $0.00 17.7K Nov 15, 2022 Common Stock 22.1K $62.68 Direct F10
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -40.3K -55.52% $0.00 32.3K Nov 15, 2022 Common Stock 40.3K $47.73 Direct F11
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -8.65K -100% $0.00* 0 Nov 16, 2022 Common Stock 8.65K $64.79 Direct F9
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -17.7K -100% $0.00* 0 Nov 16, 2022 Common Stock 17.7K $62.68 Direct F10
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -32.3K -100% $0.00* 0 Nov 16, 2022 Common Stock 32.3K $47.73 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.45 to $121.445, 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 2 through 8 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 $121.45 to $122.44, 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 2 through 8 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 $122.45 to $123.08, 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 2 through 8 to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.28 to $119.27, 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 2 and 8 to this Form 4.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.29 to $120.285, 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 2 through 8 to this Form 4.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.29 to $121.28, 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 2 through 8 to this Form 4.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.33 to $121.43, 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 2 through 8 to this Form 4.
F9 This option, in the amount of 30,225, is exercisable as follows: 10,075 shares on March 1, 2019, 10,075 shares on March 1, 2020 and 10,075 shares on December 28, 2020.
F10 This option, in the amount of 61,295, is exercisable as follows: 20,641 shares on March 1, 2020 and 41,284 shares on December 28, 2020.
F11 This option, in the amount of 112,999, is exercisable as follows: 37,666 shares on March 1, 2021, 37,666 shares on March 1, 2022 and 37,667 shares on July 1, 2022.

Remarks:

President and Chief Executive Officer