As previously announced, on August 2, 2020, Marathon Petroleum Corporation entered into a purchase and sale agreement with certain of its subsidiaries (collectively, “Sellers”) and 7-Eleven Inc. (“Purchaser”) pursuant to which, and upon the terms and subject to the conditions in the Purchase Agreement, Sellers agreed to transfer the assets and liabilities constituting the Company’s convenience store business, including the sale of retail transportation fuel and convenience store offerings (the “Speedway Business”) to Purchaser for a purchase price of $21 billion, subject to certain adjustments based on the levels of cash, debt and working capital at closing and for certain other items. The Transaction was completed on May 14, 2021 (the “Closing”). Upon the Closing, Timothy T. Griffith, President, Speedway LLC, ceased to serve as an officer and an employee of the Company. In anticipation of the Closing and pursuant to the terms of the Purchase Agreement, on May 12, 2021, certain actions were taken by the Compensation and Organization Development Committee of the MPC Board of Directors to modify vesting and settlement provisions for certain MPC long-term incentive compensation awards held by Speedway employees.