Craig Palleschi - 15 Nov 2023 Form 4 Insider Report for SUBURBAN PROPANE PARTNERS LP (SPH)

Role: VP-Renewable Nat Gas Opers
Signature: Bryon Koepke, by power of attorney
Issuer symbol: SPH
Transactions as of: 15 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 15 Nov 2023, 16:34:26 UTC
Previous filing: 13 Nov 2023
Next filing: 30 Nov 2023
SEC: View on sec.gov

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	+7,346	+35%	$0.000000	28,401	15 Nov 2023	Direct
transaction	SPH	Common Units (representing limited partnership interests)	Disposed to Issuer	$34,850	-2,038	-8.8%	$17.10	21,055	15 Nov 2023	Direct
transaction	SPH	Common Units (representing limited partnership interests)	Options Exercise	$34,850	+2,038	+9.7%	$17.10	23,093	15 Nov 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	+7,346	+180%	$0.000000	11,420	15 Nov 2023	Common Units	7,346		Direct	F1
transaction	SPH	Phantom Units	Options Exercise		-2,038	-33%		4,074	15 Nov 2023	Common Units	2,038		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.