Cleffi Francesca 4
4 · SUBURBAN PROPANE PARTNERS LP · Filed Nov 18, 2024
Insider Transaction Report
Form 4
Cleffi Francesca
Vice President,Human Resources
Transactions
- Exercise/Conversion
Phantom Units
2024-11-15−9,952→ 15,827 total→ Common Units (9,952 underlying) - Award
Phantom Units
2024-11-15+16,138→ 31,965 total→ Common Units (16,138 underlying) - Award
Common Units (representing limited partnership interests)
2024-11-15+16,138→ 96,177 total - Exercise/Conversion
Common Units (representing limited partnership interests)
2024-11-15$17.77/sh+9,952$176,847→ 89,991 total - Tax Payment
Common Units (representing limited partnership interests)
2024-11-15$17.77/sh−10,176$180,828→ 80,039 total - Disposition to Issuer
Common Units (representing limited partnership interests)
2024-11-15$17.77/sh−9,952$176,847→ 80,039 total
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.