Hand Brian A 4

What Happened

• Brian A. Hand, Executive VP and Chief Sales Officer of Sunoco LP (SUN), received a one-time award of 20,000 restricted phantom units on 2026-06-25. The units were reported as acquired at $0.00 (grant award) under the Sunoco LP 2018 Long-Term Incentive Plan.

Key Details

• Transaction date: 2026-06-25 (Filed: 2026-06-26)
• Transaction type/code: Award/Grant (A)
• Units granted: 20,000 restricted phantom units; reported price $0.00
• Vesting schedule (footnote): 60% (12,000 units) vest on Dec 5, 2028; 40% (8,000 units) vest on Dec 5, 2030, generally contingent on continued employment
• Shares owned after transaction: Not disclosed in the Form 4
• Filing timeliness: Filed the day after the transaction (not marked late)
• Plan: Award made under Sunoco LP 2018 Long-Term Incentive Plan

Context

• Restricted phantom units are a compensation award (not an open-market purchase or sale). They typically settle in cash or LP units upon vesting and are subject to forfeiture if vesting conditions (here, continued employment) are not met. Awards like this are standard long-term incentive compensation and do not by themselves indicate buying or selling sentiment.