Suzanne Gagle - 03 Apr 2023 Form 4 Insider Report for Marathon Petroleum Corp (MPC)

Role
Gen Counsel and SVP Gov Aff
Signature
/s/ Molly R. Benson, Attorney-in-Fact for Suzanne Gagle
Issuer symbol
MPC
Transactions as of
03 Apr 2023
Net transactions value
-$9,792,510
Form type
4
Filing time
05 Apr 2023, 12:20:25 UTC
Previous filing
03 Mar 2023
Next filing
05 Dec 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 $687,549 +13,484 +29% $50.99 59,481 03 Apr 2023 Direct
transaction MPC Common Stock Sale $1,850,409 -13,484 -23% $137.23 45,997 03 Apr 2023 Direct F1
transaction MPC Common Stock Options Exercise $447,634 +6,909 +15% $64.79 52,906 03 Apr 2023 Direct
transaction MPC Common Stock Sale $948,122 -6,909 -13% $137.23 45,997 03 Apr 2023 Direct F1
transaction MPC Common Stock Options Exercise $944,149 +15,063 +33% $62.68 61,060 03 Apr 2023 Direct
transaction MPC Common Stock Sale $2,067,095 -15,063 -25% $137.23 45,997 03 Apr 2023 Direct F1
transaction MPC Common Stock Options Exercise $1,172,487 +24,565 +53% $47.73 70,562 03 Apr 2023 Direct
transaction MPC Common Stock Sale $3,371,055 -24,565 -35% $137.23 45,997 03 Apr 2023 Direct F1
transaction MPC Common Stock Options Exercise $687,498 +13,483 +29% $50.99 59,480 04 Apr 2023 Direct
transaction MPC Common Stock Sale $1,810,497 -13,483 -23% $134.28 45,997 04 Apr 2023 Direct F1
transaction MPC Common Stock Options Exercise $447,569 +6,908 +15% $64.79 52,905 04 Apr 2023 Direct
transaction MPC Common Stock Sale $927,606 -6,908 -13% $134.28 45,997 04 Apr 2023 Direct F1
transaction MPC Common Stock Options Exercise $944,149 +15,063 +33% $62.68 61,060 04 Apr 2023 Direct
transaction MPC Common Stock Sale $2,022,660 -15,063 -25% $134.28 45,997 04 Apr 2023 Direct F1
transaction MPC Common Stock Options Exercise $1,172,487 +24,565 +53% $47.73 70,562 04 Apr 2023 Direct
transaction MPC Common Stock Sale $3,298,588 -24,565 -35% $134.28 45,997 04 Apr 2023 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 -13,484 -50% $0.000000 13,483 03 Apr 2023 Common Stock 13,484 $50.99 Direct F2
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -6,909 -50% $0.000000 6,908 03 Apr 2023 Common Stock 6,909 $64.79 Direct F3
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -15,063 -50% $0.000000 15,063 03 Apr 2023 Common Stock 15,063 $62.68 Direct F4
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -24,565 -50% $0.000000 24,565 03 Apr 2023 Common Stock 24,565 $47.73 Direct F5
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -13,483 -100% $0.000000* 0 04 Apr 2023 Common Stock 13,483 $50.99 Direct F2
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -6,908 -100% $0.000000* 0 04 Apr 2023 Common Stock 6,908 $64.79 Direct F3
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -15,063 -100% $0.000000* 0 04 Apr 2023 Common Stock 15,063 $62.68 Direct F4
transaction MPC Employee Stock Option (right to buy) Options Exercise $0 -24,565 -100% $0.000000* 0 04 Apr 2023 Common Stock 24,565 $47.73 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 November 22, 2022.
F2 This option, in the amount of 26,967, is exercisable as follows: 8,989 shares on March 1, 2018, 8,989 shares on March 1, 2019 and 8,989 shares on March 1, 2020.
F3 This option, in the amount of 13,817, is exercisable as follows: 4,605 shares on March 1, 2019, 4,606 shares on March 1, 2020 and 4,606 shares on December 28, 2020.
F4 This option, in the amount of 30,126, is exercisable as follows: 10,042 shares on March 1, 2020 and 20,084 shares on December 28, 2020.
F5 This option, in the amount of 49,130, is exercisable as follows: 16,376 shares on March 1, 2021, 16,377 shares on March 1, 2022 and 16,377 shares on March 1, 2023.

Remarks:

General Counsel and Senior Vice President, Government Affairs