SURMA JOHN P 4

What Happened John P. Surma, a director of MPLX GP LLC (the general partner of MPLX LP), was granted 1,656.317 common units on May 15, 2026. The Form 4 reports this as an award/grant (transaction code A) at $0.00 per unit (total reported value $0.00), indicating an issuance rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-15
• Transaction type/code: Grant/Award (A)
• Units granted: 1,656.317
• Price reported: $0.00 per unit; total reported value $0.00
• Form 4 filed: 2026-05-19 (filed within the typical 2-business-day reporting window)
• Shares/units owned after transaction: Not disclosed in the filing
• Notable notes: Reporting person is a director of MPLX GP LLC (the issuer is managed by MPLX GP LLC directors/executives). No 10b5-1 plan, tax-withholding, or gift indicators are shown in the provided details.

Context This transaction is an award/grant (commonly used for director compensation) rather than an open-market buy, so it does not directly signal additional personal capital being invested in the market. Retail investors tracking insider activity should weigh open-market purchases more heavily when assessing insider conviction; grants are routine forms of compensation and may not reflect a trading view.