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

Reporting relationship: Ex. VP, Refining
Issuer ticker: MPC
Reported as of: 23 May 2022
Net transaction value: -$5,179,202
SEC form: 4
Accepted by SEC: 25 May 2022, 16:47:12 UTC
Prior SEC filing: 03 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Molly R. Benson, Attorney-in-Fact for Raymond L. Brooks

Key filing fact

Raymond L. Brooks filed Form 4 for Marathon Petroleum Corp (MPC) on 25 May 2022.

Key facts

This page summarizes Raymond L. Brooks's Form 4 filing for Marathon Petroleum Corp (MPC).
12 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 25 May 2022, 16:47.

Change

Previous filing in this sequence was filed on 03 Mar 2022.
Current net transaction value: -$5,179,202.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MPC transaction

Common Stock

Options Exercise

Transaction value: $686,066
Shares: +13,484
Change %: +21%
Price: $50.88
Shares after: 76,732
Date: 23 May 2022
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $1,308,150
Shares: -13,484
Change %: -18%
Price: $97.02
Shares after: 63,248
Date: 23 May 2022
Ownership: Direct
Footnotes: F1

MPC transaction

Common Stock

Options Exercise

Transaction value: $2,255,900
Shares: +44,242
Change %: +70%
Price: $50.99
Shares after: 107,490
Date: 23 May 2022
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $4,283,997
Shares: -44,242
Change %: -41%
Price: $96.83
Shares after: 63,248
Date: 23 May 2022
Ownership: Direct
Footnotes: F2

MPC transaction

Common Stock

Options Exercise

Transaction value: $2,058,961
Shares: +31,779
Change %: +50%
Price: $64.79
Shares after: 95,027
Date: 23 May 2022
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $3,073,760
Shares: -31,779
Change %: -33%
Price: $96.72
Shares after: 63,248
Date: 23 May 2022
Ownership: Direct
Footnotes: F3

MPC transaction

Common Stock

Options Exercise

Transaction value: $2,779,983
Shares: +44,352
Change %: +70%
Price: $62.68
Shares after: 107,600
Date: 23 May 2022
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $4,294,205
Shares: -44,352
Change %: -41%
Price: $96.82
Shares after: 63,248
Date: 23 May 2022
Ownership: Direct
Footnotes: F4

MPC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 27,054
Date: 23 May 2022
Ownership: By 401(k) Plan
Footnotes: F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -13,484
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,484
Exercise price: $50.88
Footnotes: F6

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -44,242
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 44,242
Exercise price: $50.99
Footnotes: F7

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -31,779
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 31,779
Exercise price: $64.79
Footnotes: F8

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -44,352
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 23 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 44,352
Exercise price: $62.68
Footnotes: F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

SEC remarks

Executive Vice President, Refining