Paterson Eileen P. 4
Research Summary
AI-generated summary
Marathon Petroleum (MPC) Director Eileen Paterson Receives Award
What Happened
Eileen P. Paterson, a director of Marathon Petroleum Corporation (MPC), was granted 727.742 shares on April 30, 2026 as an equity award (transaction code A). The filing reports a $0 per-share price (an equity retainer award), so no cash was paid for the shares.
Key Details
- Transaction date: 2026-04-30; Form 4 filed: 2026-05-04 (filed within the two-business-day requirement).
- Transaction type/code: Grant/Award (A).
- Shares granted: 727.742 shares at $0.00 per share (total cash consideration $0).
- Footnote F1: Represents the reporting person's annual 2026 equity retainer award.
- Footnote F2: Of the total, 50.047 shares were acquired via dividend reinvestment and were not previously reported under Rule 16a-11.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
This was a compensation-related equity grant to a board director (typical director retainer), not an open-market purchase or sale. Awards at $0 price are standard for equity compensation and do not by themselves indicate the director is buying or selling based on private information. The inclusion of dividend-reinvested shares simply corrects prior reporting and is administrative in nature.