Al Khayyal Abdulaziz Fahd 4
Research Summary
AI-generated summary
Marathon Petroleum (MPC) Director Al Khayyal Receives 727.742-Share Award
What Happened
Al Khayyal Abdulaziz Fahd, a director of Marathon Petroleum Corp (MPC), was awarded 727.742 shares on 2026-04-30 as part of his 2026 equity retainer. The shares were granted at $0.00 (a compensation award), so no cash was exchanged. The filing indicates 509.957 of the shares were acquired through dividend reinvestment and not previously reported; the remaining 217.785 shares represent the new retainer portion (727.742 total minus 509.957 reinvested).
Key Details
- Transaction date: 2026-04-30; Form 4 filed 2026-05-04 (no late filing indicated).
- Transaction type/code: Award/Grant (A); price reported $0.00.
- Shares involved: 727.742 total; includes 509.957 shares from dividend reinvestment (footnote).
- Implied new retainer shares: ~217.785 (computed from totals).
- Shares owned after transaction: not disclosed in the excerpt of the filing.
- Footnotes: F1 = 2026 annual equity retainer award; F2 = 509.957 shares from dividend reinvestment not previously reported.
Context
This was a routine equity compensation award to a board member, not an open-market purchase or sale. Awards and dividend reinvestments are common forms of director compensation and do not necessarily signal a change in insider sentiment about the stock. The dividend-reinvested shares were simply reported now as required by Rule 16 reporting.