MICHAEL A. STIVALA - 15 Nov 2023 Form 4 Insider Report for SUBURBAN PROPANE PARTNERS LP (SPH)

Role
President & CEO, Director
Signature
Bryon Koepke, by power of attorney
Issuer symbol
SPH
Transactions as of
15 Nov 2023
Net transactions value
-$451,748
Form type
4
Filing time
15 Nov 2023, 16:19:42 UTC
Previous filing
14 Aug 2023
Next filing
03 Jan 2024
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 +55,523 +20% $0.000000 333,291 15 Nov 2023 Direct
transaction SPH Common Units (representing limited partnership interests) Disposed to Issuer $66,194 -3,871 -1.4% $17.10 277,768 15 Nov 2023 Direct
transaction SPH Common Units (representing limited partnership interests) Options Exercise $66,194 +3,871 +1.4% $17.10 281,639 15 Nov 2023 Direct
transaction SPH Common Units (representing limited partnership interests) Tax liability $451,748 -26,418 -8.7% $17.10 277,768 15 Nov 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 +13,881 +179% $0.000000 21,622 15 Nov 2023 Common Units 13,881 Direct F2
transaction SPH Phantom Units Options Exercise -3,871 -33% 7,741 15 Nov 2023 Common Units 3,871 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.