Austin Harkness - Dec 5, 2024 Form 4 Insider Report for Sunoco LP (SUN)

Role
EVP, Chief Commercial Officer
Signature
Peggy J. Harrison, Attorney-in-Fact for Mr. Harkness
Stock symbol
SUN
Transactions as of
Dec 5, 2024
Transactions value $
-$253,128
Form type
4
Date filed
12/9/2024, 04:30 PM
Previous filing
May 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUN Common Units Tax liability -$253K -4.61K -5.5% $54.97 79.1K Dec 5, 2024 Direct F1
transaction SUN Common Units Award $0 +15K +18.97% $0.00 94.1K Dec 5, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SUN Cash Units Award +5K 5K Dec 5, 2024 Common Units 5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payment of tax liability by withholding securities incident to the vesting of Restricted Units issued under one of the Sunoco LP Long-Term Incentive Plans (LTIP). This method is the default option for payment of tax liability upon vesting of LTIP awards.
F2 Grant of restricted phantom units awarded under the terms of the Sunoco LP 2018 Long Term Incentive Plan, as amended, that will vest 60% on 12/5/2027 and 40% on 12/5/2029 generally contingent upon the continued employment of the reporting person on each applicable vesting date.
F3 An award of cash units granted under the Sunoco LP Long-Term Cash Restricted Unit Plan, scheduled to vest one-third on December 5, 2025, one-third on December 5, 2026, and one-third on December 5, 2027, generally contingent upon the reporting person's continued employment with the Issuer or one of its affiliates on each applicable vesting date. The cash units will be settled solely in cash at the fair market value of the underlying common units based on the average closing price of a common unit for the ten (10) trading days immediately preceding the applicable vesting date.