MPLX LP·4

May 19, 4:09 PM ET

Breves Christine S 4

Research Summary

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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.