Brinkworth Douglas 4
4 · SUBURBAN PROPANE PARTNERS LP · Filed Nov 15, 2023
Insider Transaction Report
Form 4
Brinkworth Douglas
Vice President-Product Supply
Transactions
- Award
Common Units (representing limited partnership interests)
2023-11-15+26,445→ 172,659 total - Disposition to Issuer
Common Units (representing limited partnership interests)
2023-11-15$17.10/sh−6,519$111,475→ 146,214 total - Exercise/Conversion
Common Units (representing limited partnership interests)
2023-11-15$17.10/sh+6,519$111,475→ 152,733 total - Tax Payment
Common Units (representing limited partnership interests)
2023-11-15$17.10/sh−17,899$306,073→ 146,214 total - Award
Phantom Units
2023-11-15+26,445→ 39,483 total→ Common Units (26,445 underlying) - Exercise/Conversion
Phantom Units
2023-11-15−6,519→ 13,038 total→ Common Units (6,519 underlying)
Footnotes (2)
- [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.