Shawn M. Lyon - 18 Nov 2022 Form 4 Insider Report for Marathon Petroleum Corp (MPC)

Role
SVP Log & Storage, MPLX GP LLC
Signature
/s/ Molly R. Benson, Attorney-in-Fact for Shawn M. Lyon
Issuer symbol
MPC
Transactions as of
18 Nov 2022
Net transactions value
-$730,376
Form type
4
Filing time
22 Nov 2022, 05:31:24 UTC
Previous filing
30 Sep 2022
Next filing
03 Mar 2023
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 $735,836 +12,053 +82% $61.05 26,713 18 Nov 2022 Direct
transaction MPC Common Stock Sale $1,466,211 -12,053 -45% $121.65 14,660 18 Nov 2022 Direct F1
holding MPC Common Stock 2,711 18 Nov 2022 By 401(k) Plan F2

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 -12,053 -100% $0.000000* 0 18 Nov 2022 Common Stock 12,053 $61.05 Direct F3
* 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 $121.60 to $121.72, 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 range set forth in footnote 1 to this Form 4.
F2 Reflects the deduction of administrative fees in the amount of .024 shares.
F3 This option, in the amount of 12,053, is exercisable as follows: 4,017 shares on April 1, 2020, 4,018 shares on April 1, 2021 and 4,018 shares on April 1,2022.

Remarks:

The Reporting Person is the Senior Vice President, Logistics and Storage of MPLX GP LLC, a subsidiary of the Issuer.