Sunoco (SUN) EVP Harkness Austin Receives 20,000-Unit Award

What Happened Harkness Austin, Executive Vice President and Chief Commercial Officer of Sunoco LP (SUN), was granted 20,000 restricted phantom units on June 25, 2026. The Form 4 reports the acquisition at $0.00 per unit (total reported value $0) as an award under the Sunoco LP 2018 Long‑Term Incentive Plan, as amended. This is an award/grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-25 (filed 2026-06-26). Filing appears timely (Form 4 due within 2 business days).
• Grant details: 20,000 restricted phantom units awarded at $0.00 per unit (reported acquisition value $0).
• Vesting: 60% vests on December 5, 2028; remaining 40% vests on December 5, 2030, generally contingent on continued employment (per footnote F1).
• Plan: Award made under the Sunoco LP 2018 Long‑Term Incentive Plan, as amended.
• Shares owned after transaction: Not specified in the provided filing details.
• No codes indicating tax withholding, sale, or 10b5-1 plan were reported for this transaction.

Context Restricted phantom units are a form of long‑term incentive that typically track the economic value of partnership units and vest over time; they do not require an immediate cash outlay and are contingent on future vesting conditions (here, continued employment). Such awards are routine compensation for executives and do not, by themselves, signal a buy or sell decision in the public market.