Marathon Petroleum Corp·4

Mar 13, 12:11 PM ET

Hessling Ricky D. 4

Research Summary

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Marathon Petroleum (MPC) CCO Ricky D. Hessling Sells Shares

What Happened
Ricky D. Hessling, Chief Commercial Officer of Marathon Petroleum Corporation (MPC), disposed of a total of 2,847 shares in open-market sales on March 11–12, 2026. The transactions broke down as follows:

  • 1,485 shares sold at a weighted average price reported near $224.51 — proceeds reported $333,397.
  • 325 shares sold at $226.00 — proceeds $73,450.
  • 478 shares sold at $228.00 — proceeds $108,984.
  • 559 shares sold at $230.00 — proceeds $128,570.
    Total reported proceeds across these sales: $644,401. These were sales (insider code S), i.e., dispositions of stock rather than purchases.

Key Details

  • Transaction dates: March 11, 2026 (two sales) and March 12, 2026 (two sales).
  • Prices and proceeds: see the itemized list above; combined proceeds ≈ $644,401.
  • Shares owned after the transactions: not stated in the provided excerpt of the filing.
  • Footnotes: F1 — the $224.51 price is a weighted average; some shares were sold at prices in a narrow range ($224.51–$224.52) and detailed per-price breakdown is available on request. F2 — includes 0.001 shares acquired via dividend reinvestment not previously reported.
  • Filing timeliness: Form 4 was filed March 13, 2026 covering trades on March 11–12 — the filing appears timely under Rule 16b-3 reporting requirements.
  • Transaction code: S = Sale (disposition).

Context
These were open-market sales by a senior executive. The filing does not disclose a 10b5-1 trading plan or other prearranged program. Sales are routine insider activity and do not by themselves indicate the insider’s view of the company; purchases tend to be more directly interpreted as a bullish signal.