Michael J. Hennigan - 14 Nov 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
Issuer symbol
MPC
Transactions as of
14 Nov 2022
Net transactions value
-$22,436,953
Form type
4
Filing time
16 Nov 2022, 18:48:47 UTC
Previous filing
21 Mar 2022
Next filing
06 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPC Common Stock Options Exercise $699,084 +10,790 +3.3% $64.79 334,386 14 Nov 2022 Direct
transaction MPC Common Stock Options Exercise $1,385,228 +22,100 +6.6% $62.68 356,486 14 Nov 2022 Direct
transaction MPC Common Stock Options Exercise $1,925,428 +40,340 +11% $47.73 396,826 14 Nov 2022 Direct
transaction MPC Common Stock Sale $4,101,948 -33,878 -8.5% $121.08 362,948 14 Nov 2022 Direct F1, F2
transaction MPC Common Stock Sale $6,500,743 -53,311 -15% $121.94 309,637 14 Nov 2022 Direct F1, F3
transaction MPC Common Stock Sale $1,572,038 -12,811 -4.1% $122.71 296,826 14 Nov 2022 Direct F1, F4
transaction MPC Common Stock Options Exercise $699,084 +10,790 +3.6% $64.79 307,616 15 Nov 2022 Direct
transaction MPC Common Stock Options Exercise $1,385,228 +22,100 +7.2% $62.68 329,716 15 Nov 2022 Direct
transaction MPC Common Stock Options Exercise $1,925,428 +40,340 +12% $47.73 370,056 15 Nov 2022 Direct
transaction MPC Common Stock Sale $2,454,022 -20,634 -5.6% $118.93 349,422 15 Nov 2022 Direct F1, F5
transaction MPC Common Stock Sale $7,605,032 -63,453 -18% $119.85 285,969 15 Nov 2022 Direct F1, F6
transaction MPC Common Stock Sale $1,806,540 -14,976 -5.2% $120.63 270,993 15 Nov 2022 Direct F1, F7
transaction MPC Common Stock Sale $113,717 -937 -0.35% $121.36 270,056 15 Nov 2022 Direct F1, F8
transaction MPC Common Stock Options Exercise $560,110 +8,645 +3.2% $64.79 278,701 16 Nov 2022 Direct
transaction MPC Common Stock Options Exercise $1,111,003 +17,725 +6.4% $62.68 296,426 16 Nov 2022 Direct
transaction MPC Common Stock Options Exercise $1,542,586 +32,319 +11% $47.73 328,745 16 Nov 2022 Direct
transaction MPC Common Stock Sale $9,516,091 -80,149 -24% $118.73 248,596 16 Nov 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 -10,790 -36% $0.000000 19,435 14 Nov 2022 Common Stock 10,790 $64.79 Direct F9
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -22,100 -36% $0.000000 39,825 14 Nov 2022 Common Stock 22,100 $62.68 Direct F10
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -40,340 -36% $0.000000 72,659 14 Nov 2022 Common Stock 40,340 $47.73 Direct F11
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -10,790 -56% $0.000000 8,645 15 Nov 2022 Common Stock 10,790 $64.79 Direct F9
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -22,100 -55% $0.000000 17,725 15 Nov 2022 Common Stock 22,100 $62.68 Direct F10
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -40,340 -56% $0.000000 32,319 15 Nov 2022 Common Stock 40,340 $47.73 Direct F11
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -8,645 -100% $0.000000* 0 16 Nov 2022 Common Stock 8,645 $64.79 Direct F9
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -17,725 -100% $0.000000* 0 16 Nov 2022 Common Stock 17,725 $62.68 Direct F10
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -32,319 -100% $0.000000* 0 16 Nov 2022 Common Stock 32,319 $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