Michael N. Mears
Net Worth

Last updated:

What is Michael N. Mears net worth?

The estimated net worth of Mr. Michael N. Mears is at least $65,563,760 as of 26 Jan 2022. He owns shares worth $10,569,765 as insider, has earned $13,763,995 from insider trading and has received compensation worth at least $41,230,000 in Magellan Midstream Partners, L.P..

What is the salary of Michael N. Mears?

Mr. Michael N. Mears salary is $2,170,000 per year as Chairman, Pres & Chief Executive Officer of Magellan GP LLC in Magellan Midstream Partners, L.P..

How old is Michael N. Mears?

Mr. Michael N. Mears is 62 years old, born in 1963.

What stocks does Michael N. Mears currently own?

As insider, Mr. Michael N. Mears owns shares in one company:

Company Title Shares Price per share Total value
Magellan Midstream Partners, L.P. (MMP) Chairman, Pres & Chief Executive Officer of Magellan GP LLC 153,185 $69 $10,569,765

What does Magellan Midstream Partners, L.P. do?

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

MMP logo
MMP
Magellan Midstream Partners, L.P.
$69

Michael N. Mears insider trading

Magellan Midstream Partners, L.P.

Mr. Michael N. Mears has made 14 insider trades between 2006-2022, according to the Form 4 filled with the SEC.

The largest trade he's ever made was exercising 151,989 units of MMP stock on 22 Jan 2013. As of 26 Jan 2022 he still owns at least 153,185 units of MMP stock.

Transaction Date Security Shares Price per share Total value Source
Option
Phantom Units 64,727 $46.44 $3,005,922
Option
Common Units 64,727 $46.44 $3,005,922
Option
Common Units 34,663 N/A N/A
Option
Phantom Units 34,663 $42.44 $1,471,098
Option
Common Units 66,676 $62.87 $4,191,920
Option
Phantom Units 66,676 $62.87 $4,191,920
Sale
Common Units 30,000 $59.35 $1,780,620
Option
Common Units 48,465 $57.06 $2,765,413
Option
Phantom Units 48,465 $57.06 $2,765,413
Sale
Common Units 30,000 N/A N/A
Sale
Common Units 6,101 $68.07 $415,319
Sale
Common Units 8,075 $68.06 $549,544
Sale
Common Units 10,000 $68 $680,000
Option
Common Units 35,577 $70.94 $2,523,832
Option
Phantom Units 35,577 $70.94 $2,523,832
Sale
Common Units 50,000 $78.74 $3,937,000
Option
Phantom Units 58,257 $75.63 $4,405,977
Option
Common Units 58,257 $75.63 $4,405,977
Sale
Common Units 100 $70.02 $7,002
Sale
Common Units 20,000 N/A N/A
Option
Common Units 88,950 $67.92 $6,041,484
Option
Phantom Units 84,604 $82.66 $6,993,367
Option
Common Units 84,604 $82.66 $6,993,367
Sale
Common Units 20,000 $88 $1,759,980
Sale
Common Units 20,000 $84.01 $1,680,120
Option
Common Units 93,118 $63.27 $5,891,576
Option
Phantom Units 93,118 $63.27 $5,891,576
Sale
Common Units 20,000 N/A N/A
Option
Phantom Units 75,896 $43.19 $3,277,948
Option
Common Units 151,989 $43.19 $6,564,405
Sale
Common Units 20,000 N/A N/A
Option
Common Units 34,970 $68.88 $2,408,734
Option
Phantom Units 34,970 $68.88 $2,408,734
Sale
Common Units 8,000 $59.11 $472,896
Option
Phantom Units 21,042 $56.5 $1,188,873
Option
Common Units 21,042 $56.5 $1,188,873
Sale
Common Units 59,911 $41.42 $2,481,514
Option
Common Units 9,435 $43.33 $408,819
Option
Phantom Units 9,435 $43.33 $408,819
Option
Phantom Units 11,080 $30.21 $334,727
Option
Common Units 11,080 $30.21 $334,727
Option
Common Units 11,080 $43.36 $480,429
Option
Phantom Units 11,080 $43.36 $480,429
Option
Common Units 10,942 $38.6 $422,361
Option
Phantom Units 10,942 $38.6 $422,361
Option
Phantom Units 10,080 $32.23 $324,878
Option
Common Units 10,080 $32.23 $324,878

Magellan Midstream Partners, L.P. key executives

Magellan Midstream Partners, L.P. executives and other stock owners filed with the SEC: