secwatch.observer — SEC 8-K summary
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Issuer:     MPLX LP (MPLX)
CIK:        0001552000
Form:       8-K/A
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001552000-24-000027
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

MPLX amends 8-K to disclose CEO Mannen compensation: base $1.4M, LTI $12M
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- Effective Aug 1, Maryann T. Mannen's base salary as CEO raised to $1,400,000; target bonus 165% of salary.
- Mannen received one-time LTI award of $2,917,000; annualized LTI target award value $12,000,000.
- Michael J. Hennigan, now Executive Chairman, base salary reduced to $1,050,000; no 2024 LTI change.
- Hennigan's LTI target award value expected to reduce to $8,880,000 for 2025.
- Compensation changes approved by MPC board on July 31, 2024; MPLX contracts with MPC for personnel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552000/000155200024000027/0001552000-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552000/000155200024000027/mplx-20240511.htm
  HTML page:      https://secwatch.observer/filing/0001552000-24-000027

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