Michael Kuglin - Nov 15, 2023 Form 4 Insider Report for SUBURBAN PROPANE PARTNERS LP (SPH)

Role
Chief Financial Officer
Signature
Bryon Koepke, by power of attorney
Stock symbol
SPH
Transactions as of
Nov 15, 2023
Transactions value $
-$313,802
Form type
4
Date filed
11/15/2023, 04:20 PM
Previous filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPH Common Units (representing limited partnership interests) Award $0 +26.4K +17.52% $0.00 177K Nov 15, 2023 Direct
transaction SPH Common Units (representing limited partnership interests) Disposed to Issuer -$111K -6.52K -4.14% $17.10 151K Nov 15, 2023 Direct
transaction SPH Common Units (representing limited partnership interests) Options Exercise $111K +6.52K +4.32% $17.10 157K Nov 15, 2023 Direct
transaction SPH Common Units (representing limited partnership interests) Tax liability -$314K -18.4K -10.84% $17.10 151K Nov 15, 2023 Direct F1

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 SPH Phantom Units Award $0 +26.4K +202.83% $0.00 39.5K Nov 15, 2023 Common Units 26.4K Direct F2
transaction SPH Phantom Units Options Exercise -6.52K -33.33% 13K Nov 15, 2023 Common Units 6.52K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents filer's payment of tax liability in connection with the vesting of previously granted restricted units by means of Issuer's withholding of Common Units in accordance with the provisions of Issuer's restricted unit plan and SEC Rule 16b-3.
F2 One third of the phantom units vest on each of the first three anniversaries of the grant date, subject to continuous employment or service of the reporting person from the grant date through the applicable payment date. Upon vesting, phantom units are automatically converted into cash equal to the average of the highest and lowest trading prices of the Issuer's Common Units on the vesting date.