The estimated Net Worth of Michael N Mears is at least $44.6 Milion dollars as of 26 January 2022. Mr. Mears owns over 64,727 units of Magellan Midstream Partners L.P stock worth over $18,918,558 and over the last 21 years he sold MMP stock worth over $18,445,840. In addition, he makes $7,210,220 as Chairman of the Board, President, Chief Executive Officer of Magellan GP oraz LLC at Magellan Midstream Partners L.P.
Michael has made over 28 trades of the Magellan Midstream Partners L.P stock since 2006, according to the Form 4 filled with the SEC. Most recently he exercised 64,727 units of MMP stock worth $3,005,922 on 26 January 2022.
The largest trade he's ever made was exercising 93,118 units of Magellan Midstream Partners L.P stock on 28 January 2014 worth over $5,891,576. On average, Michael trades about 13,291 units every 79 days since 2004. As of 26 January 2022 he still owns at least 274,182 units of Magellan Midstream Partners L.P stock.
You can see the complete history of Mr. Mears stock trades at the bottom of the page.
Michael N. Mears serves as Chairman of the Board, President, Chief Executive Officer of Magellan GP, LLC of the Company. He served as COO. Mr. Mears was a Senior Vice President ("SVP") of our general partner from 2007 through 2008 and a Vice President from 2004 to 2007. Prior to joining us in 2004, he served as a Vice President of subsidiaries of The Williams Companies, Inc. ("Williams") from 1996 to 2004. Mr. Mears also worked in various management positions with Williams Pipe Line Company (now known as Magellan Pipeline Company, L.P.) since joining Williams in 1985. He currently serves as a director of Sempra Energy, where he is a member of the LNG and Business Development Committee. Mr. Mears is qualified to serve on our general partner’s board of directors because of his extensive commercial and operational experience in the energy industry, including his familiarity with our business as a result of his positions as President and CEO.
As the Chairman of the Board, President, Chief Executive Officer of Magellan GP oraz LLC of Magellan Midstream Partners L.P, the total compensation of Michael Mears at Magellan Midstream Partners L.P is $7,210,220. There are no executives at Magellan Midstream Partners L.P getting paid more.
Michael Mears is 57, he's been the Chairman of the Board, President, Chief Executive Officer of Magellan GP oraz LLC of Magellan Midstream Partners L.P since 2011. There are 12 older and 12 younger executives at Magellan Midstream Partners L.P. The oldest executive at Magellan Midstream Partners L.P. is Robert Croyle, 77, who is the Independent Director of Magellan GP, LLC.
Michael's mailing address filed with the SEC is 488, 8th Avenue, East Village, San Diego, San Diego County, California, 92101, United States.
Over the last 21 years, insiders at Magellan Midstream Partners L.P have traded over $636,773,711 worth of Magellan Midstream Partners L.P stock and bought 44,070 units worth $1,953,329 . The most active insiders traders include Chansoo Joung, Midstream Holdings Lpmagell... oraz Mark G Papa. On average, Magellan Midstream Partners L.P executives and independent directors trade stock every 37 days with the average trade being worth of $5,540,148. The most recent stock trade was executed by Sivasankaran Somasundaram on 22 September 2023, trading 500 units of MMP stock currently worth $34,500.
magellan moves the fuel that keeps america going. magellan midstream partners, l.p. (nyse: mmp) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. the partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store nearly 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. headquartered in tulsa, oklahoma, magellan operates in 24 states and has more than 1,700 employees. magellan has career opportunities for talented, motivated professionals. we offer competitive pay and excellent benefits. safety, efficiency, honesty and responsibility are at the core of our business. our character is demonstrated in the respect we show for our co-workers, our company and the communities in which we operate.
Magellan Midstream Partners L.P executives and other stock owners filed with the SEC include: