Research Summary
AI-generated summary of this SEC filing
MPLX Director Christine S Breves Receives Equity Award
What Happened
Christine S. Breves, a director of MPLX GP LLC (the general partner of MPLX LP), was granted 2,696.387 shares as her annual 2026 equity retainer. The Form 4 reports the acquisition price as $0.00 for these shares and the filing has been amended to correct the award amount.
Key Details
- Transaction date: 2026-04-30 (grant/award).
- Reported acquisition: 2,696.387 shares at $0.00 (total value shown as $0 on the filing).
- Filing type: Amended Form 4 — amended to reflect the correct amount of the 2026 equity retainer (footnote F2).
- Beneficial ownership: Filing notes the corrected balance of securities beneficially owned as of April 30, 2026 (footnote F3); the corrected total is reported in the amended filing.
- Footnote F1: award represents the reporting person's annual 2026 equity retainer.
- No indication in the provided filing that the transaction was late.
Context
This is a standard director equity retainer (compensation), not an open-market purchase or sale. Awards listed with a $0 acquisition price are grants of shares rather than cash purchases, and routine director retainers do not by themselves signal a personal trading decision.