Michael A. Stivala - Nov 15, 2024 Form 4 Insider Report for SUBURBAN PROPANE PARTNERS LP (SPH)

Role
President & CEO, Director
Signature
Bryon Koepke, by power of attorney
Stock symbol
SPH
Transactions as of
Nov 15, 2024
Transactions value $
-$424,756
Form type
4
Date filed
11/18/2024, 04:27 PM
Previous filing
Aug 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPH Common Units (representing limited partnership interests) Tax liability -$425K -23.9K -8.32% $17.77 264K Nov 15, 2024 Direct F1
transaction SPH Common Units (representing limited partnership interests) Options Exercise $151K +8.5K +3.22% $17.77 272K Nov 15, 2024 Direct
transaction SPH Common Units (representing limited partnership interests) Disposed to Issuer -$151K -8.5K -3.12% $17.77 264K Nov 15, 2024 Direct
transaction SPH Common Units (representing limited partnership interests) Award $0 +47.6K +18.08% $0.00 311K Nov 15, 2024 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 Options Exercise -8.5K -39.3% 13.1K Nov 15, 2024 Common Units 8.5K Direct F2
transaction SPH Phantom Units Award $0 +15.9K +121.01% $0.00 29K Nov 15, 2024 Common Units 15.9K 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.