Form 4: Suburban Propane Director Acquires and Disposes of Units in Form 4 Filing

Director Amy Adams acquired 13,112 common units and 7,060 phantom units while disposing of 39,120 common units of Suburban Propane Partners LP.

Summary

• Amy Adams, a director at Suburban Propane Partners LP, filed a Form 4 indicating changes in her beneficial ownership.
• On November 15, 2024, she acquired 13,112 common units at a price of $0.00.
• She also acquired 7,060 phantom units, which will vest over three years.
• Upon vesting, the phantom units will convert to cash based on the average of the highest and lowest trading prices of the Issuer's Common Units on the vesting date.
• Additionally, she disposed of 39,120 common units.
• Following these transactions, she beneficially owns 7,060 phantom units and 39,120 common units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of insider transactions, and does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions in the company's securities. This filing is specific to Suburban Propane Partners LP and does not necessarily reflect broader industry trends.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for all publicly traded companies in the US.
• The transactions reported are specific to the individual and do not provide a basis for comparison to other companies or projects.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the trading activity of a company director.

Key Dates

Keywords

Form 4, Suburban Propane Partners LP, Beneficial Ownership, Common Units, Phantom Units, Director, Equity Securities