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

Reporting relationship: Gen Counsel and SVP Gov Aff
Issuer ticker: MPC
Reported as of: 03 Apr 2023
Net transaction value: -$9,792,510
SEC form: 4
Accepted by SEC: 05 Apr 2023, 12:20:25 UTC
Prior SEC filing: 03 Mar 2023
Next SEC filing: 05 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Molly R. Benson, Attorney-in-Fact for Suzanne Gagle

Key filing fact

Suzanne Gagle filed Form 4 for Marathon Petroleum Corp (MPC) on 05 Apr 2023.

Key facts

This page summarizes Suzanne Gagle's Form 4 filing for Marathon Petroleum Corp (MPC).
24 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 05 Apr 2023, 12:20.

Change

Previous filing in this sequence was filed on 03 Mar 2023.
Current net transaction value: -$9,792,510.

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: $687,549
Shares: +13,484
Change %: +29%
Price: $50.99
Shares after: 59,481
Date: 03 Apr 2023
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $1,850,409
Shares: -13,484
Change %: -23%
Price: $137.23
Shares after: 45,997
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F1

MPC transaction

Common Stock

Options Exercise

Transaction value: $447,634
Shares: +6,909
Change %: +15%
Price: $64.79
Shares after: 52,906
Date: 03 Apr 2023
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $948,122
Shares: -6,909
Change %: -13%
Price: $137.23
Shares after: 45,997
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F1

MPC transaction

Common Stock

Options Exercise

Transaction value: $944,149
Shares: +15,063
Change %: +33%
Price: $62.68
Shares after: 61,060
Date: 03 Apr 2023
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $2,067,095
Shares: -15,063
Change %: -25%
Price: $137.23
Shares after: 45,997
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F1

MPC transaction

Common Stock

Options Exercise

Transaction value: $1,172,487
Shares: +24,565
Change %: +53%
Price: $47.73
Shares after: 70,562
Date: 03 Apr 2023
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $3,371,055
Shares: -24,565
Change %: -35%
Price: $137.23
Shares after: 45,997
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F1

MPC transaction

Common Stock

Options Exercise

Transaction value: $687,498
Shares: +13,483
Change %: +29%
Price: $50.99
Shares after: 59,480
Date: 04 Apr 2023
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $1,810,497
Shares: -13,483
Change %: -23%
Price: $134.28
Shares after: 45,997
Date: 04 Apr 2023
Ownership: Direct
Footnotes: F1

MPC transaction

Common Stock

Options Exercise

Transaction value: $447,569
Shares: +6,908
Change %: +15%
Price: $64.79
Shares after: 52,905
Date: 04 Apr 2023
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $927,606
Shares: -6,908
Change %: -13%
Price: $134.28
Shares after: 45,997
Date: 04 Apr 2023
Ownership: Direct
Footnotes: F1

MPC transaction

Common Stock

Options Exercise

Transaction value: $944,149
Shares: +15,063
Change %: +33%
Price: $62.68
Shares after: 61,060
Date: 04 Apr 2023
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $2,022,660
Shares: -15,063
Change %: -25%
Price: $134.28
Shares after: 45,997
Date: 04 Apr 2023
Ownership: Direct
Footnotes: F1

MPC transaction

Common Stock

Options Exercise

Transaction value: $1,172,487
Shares: +24,565
Change %: +53%
Price: $47.73
Shares after: 70,562
Date: 04 Apr 2023
Ownership: Direct

MPC transaction

Common Stock

Sale

Transaction value: $3,298,588
Shares: -24,565
Change %: -35%
Price: $134.28
Shares after: 45,997
Date: 04 Apr 2023
Ownership: Direct
Footnotes: F1

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 %: -50%
Price: $0.000000
Shares after: 13,483
Date: 03 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,484
Exercise price: $50.99
Footnotes: F2

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -6,909
Change %: -50%
Price: $0.000000
Shares after: 6,908
Date: 03 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,909
Exercise price: $64.79
Footnotes: F3

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -15,063
Change %: -50%
Price: $0.000000
Shares after: 15,063
Date: 03 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 15,063
Exercise price: $62.68
Footnotes: F4

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -24,565
Change %: -50%
Price: $0.000000
Shares after: 24,565
Date: 03 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 24,565
Exercise price: $47.73
Footnotes: F5

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -13,483
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,483
Exercise price: $50.99
Footnotes: F2

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -6,908
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,908
Exercise price: $64.79
Footnotes: F3

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -15,063
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 15,063
Exercise price: $62.68
Footnotes: F4

MPC transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -24,565
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 24,565
Exercise price: $47.73
Footnotes: F5

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

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

SEC remarks

General Counsel and Senior Vice President, Government Affairs