R. Fails - 05 Dec 2025 Form 4 Insider Report for Sunoco LP (SUN)

Role
EVP & Chief Operations Officer
Signature
Peggy J. Harrison, Attorney-in-fact for Mr. Fails
Issuer symbol
SUN
Transactions as of
05 Dec 2025
Transactions value $
-$806,796
Form type
4
Filing time
09 Dec 2025, 17:30:17 UTC
Previous filing
03 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Fails Karl R EVP & Chief Operations Officer 8111 WESTCHESTER DRIVE, STE 400, DALLAS Peggy J. Harrison, Attorney-in-fact for Mr. Fails 09 Dec 2025 0001694181

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUN Common Units Tax liability -$807K -14.6K -5.4% $55.26 256K 05 Dec 2025 Direct F1
transaction SUN Common Units Award $0 +35.1K +13.71% $0.00 291K 05 Dec 2025 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 +11.7K +212.73% 17.2K 05 Dec 2025 Common Units 11.7K 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 12/5/2028 and 40% on 12/5/2030 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, 2026, one-third on December 5, 2027, and one-third on December 5, 2028, 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.