Joseph Kim - 05 Dec 2024 Form 4 Insider Report for Sunoco LP (SUN)

Role: President & CEO, Director
Signature: Peggy J. Harrison, Attorney-in-fact for Mr. Kim
Issuer symbol: SUN
Transactions as of: 05 Dec 2024
Net transactions value: -$1,350,729
Form type: 4
Filing time: 09 Dec 2024, 16:30:20 UTC
Previous filing: 28 May 2024
Next filing: 18 Feb 2025
SEC: View on sec.gov

Quoteable Key Fact

"Joseph Kim filed Form 4 for Sunoco LP (SUN) on 09 Dec 2024."

Quick Takeaways

This page summarizes Joseph Kim's Form 4 filing for Sunoco LP (SUN).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 09 Dec 2024, 16:30.

What Changed

Previous filing in this sequence was filed on 28 May 2024.
Current net transaction value: -$1,350,729.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SUN	Common Units	Tax liability	$1,350,729	-24,573	-5.5%	$54.97	422,248	05 Dec 2024	Direct	F1
transaction	SUN	Common Units	Award	$0	+56,250	+13%	$0.000000	478,498	05 Dec 2024	Direct	F2
holding	SUN	Common Units						10,000	05 Dec 2024	By: Kim Living Trust

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		+18,750			18,750	05 Dec 2024	Common Units	18,750		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.