Breves Christine S 4
Research Summary
AI-generated summary
MPLX Director Christine S. Breves Receives 277-Share Award
What Happened
Christine S. Breves, a director of MPLX GP LLC (the general partner of MPLX LP), received an award of 276.829 common units/shares on May 15, 2026. The Form 4 reports the acquisition at an effective price of $0, consistent with a compensation grant (code A). No cash payment was reported for the grant.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed within the SEC’s typical 2-business-day window).
- Amount: 276.829 shares/units; Reported acquisition price: $0.00.
- Shares owned after the transaction: not disclosed in the filing.
- Footnotes or special plans: none reported (no 10b5-1, tax withholding, cashless sale, or other notes included).
- Reporting role: Breves is a director of MPLX GP LLC; the filing notes MPLX LP is managed by the directors and executive officers of MPLX GP LLC.
Context
This is an equity award (director compensation) rather than an open-market purchase or sale and is commonly used to compensate board members. Such grants are routine and do not, by themselves, indicate the director’s personal buying or selling sentiment.