Scanlon Neil 4
4 · SUBURBAN PROPANE PARTNERS LP · Filed Nov 15, 2023
Insider Transaction Report
Form 4
Scanlon Neil
Vice Pres.,Information Systems
Transactions
- Award
Common Units (representing limited partnership interests)
2023-11-15+23,507→ 188,129 total - Disposition to Issuer
Common Units (representing limited partnership interests)
2023-11-15$17.10/sh−5,705$97,556→ 164,622 total - Exercise/Conversion
Common Units (representing limited partnership interests)
2023-11-15$17.10/sh+5,705$97,556→ 170,327 total - Tax Payment
Common Units (representing limited partnership interests)
2023-11-15$17.10/sh−16,871$288,494→ 164,622 total - Award
Phantom Units
2023-11-15+23,507→ 34,915 total→ Common Units (23,507 underlying) - Exercise/Conversion
Phantom Units
2023-11-15−5,705→ 11,408 total→ Common Units (5,705 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.