Jennings Michael 4

What Happened
Michael Jennings, a director of SunocoCorp LLC (SUNC), was granted two awards of restricted phantom units on 2026-03-06: 2,500 units and 2,436 units (total 4,936 units). Both awards were reported as acquisitions at $0.00 (no cash paid). These are awards (transaction code A) under the SunocoCorp LLC Long Term Incentive Plan and represent deferred/phantom equity rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-06; acquisition price: $0.00; total units granted: 4,936.
• Grant breakdown and vesting:
  • 2,500 units vest 60% on 10/31/2028 and 40% on 10/31/2030 (Footnote F1).
  • 2,436 units vest 60% on 01/02/2029 and 40% on 01/02/2031 (Footnote F2).
• Vesting generally contingent on continued service on the board on each vesting date.
• Filing: Reported on 2026-03-06 (same day as the transaction), so the filing appears timely.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: Award of restricted phantom units (deferred compensation), not a buy or sale of outstanding shares.

Context
Phantom units are a form of deferred compensation tied to company equity value and typically settle in cash or equivalent units upon vesting; they do not represent immediate market purchases or sales. Director grants like these are common as long-term retention/incentive compensation and do not by themselves indicate the director is buying or selling company stock.