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

Role: VP-Strat Init-Renew Energy
Signature: Bryon Koepke, by power of attorney
Stock symbol: SPH
Transactions as of: Nov 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/15/2023, 04:25 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	+17.6K	+53.86%	$0.00	50.4K	Nov 15, 2023	Direct
transaction	SPH	Common Units (representing limited partnership interests)	Disposed to Issuer	-$69.7K	-4.08K	-11.07%	$17.10	32.7K	Nov 15, 2023	Direct
transaction	SPH	Common Units (representing limited partnership interests)	Options Exercise	$69.7K	+4.08K	+12.45%	$17.10	36.8K	Nov 15, 2023	Direct

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	+17.6K	+216.35%	$0.00	25.8K	Nov 15, 2023	Common Units	17.6K		Direct	F1
transaction	SPH	Phantom Units	Options Exercise		-4.08K	-33.34%		8.15K	Nov 15, 2023	Common Units	4.08K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.