Neil Scanlon - 15 Nov 2024 Form 4 Insider Report for SUBURBAN PROPANE PARTNERS LP (SPH)

Role
SVP - Information Services
Signature
Bryon Koepke, by power of attorney
Issuer symbol
SPH
Transactions as of
15 Nov 2024
Net transactions value
-$250,059
Form type
4
Filing time
18 Nov 2024, 16:29:36 UTC
Previous filing
15 Feb 2024
Next filing
18 Nov 2025
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) Tax liability $250,059 -14,072 -8.7% $17.77 148,057 15 Nov 2024 Direct F1
transaction SPH Common Units (representing limited partnership interests) Options Exercise $240,624 +13,541 +9.1% $17.77 161,598 15 Nov 2024 Direct
transaction SPH Common Units (representing limited partnership interests) Disposed to Issuer $240,624 -13,541 -8.4% $17.77 148,057 15 Nov 2024 Direct
transaction SPH Common Units (representing limited partnership interests) Award $0 +21,517 +15% $0.000000 169,574 15 Nov 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 -13,541 -39% 21,374 15 Nov 2024 Common Units 13,541 Direct F2
transaction SPH Phantom Units Award $0 +21,517 +101% $0.000000 42,891 15 Nov 2024 Common Units 21,517 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.