Form 4: Suburban Propane Director Acquires Shares and Phantom Units

William M. Landuyt, a director at Suburban Propane Partners L.P., acquired 13,112 common units and 7,060 phantom units on November 15, 2024.

Summary

• On November 15, 2024, William M. Landuyt, a director of Suburban Propane Partners L.P., acquired 13,112 common units at a price of $0.00.
• Additionally, Mr. Landuyt acquired 7,060 phantom units, which are convertible to cash based on the average of the highest and lowest trading prices of the Issuer's Common Units on the vesting date.
• These phantom units vest in three equal installments on the first three anniversaries of the grant date, contingent on continuous employment or service.
• Following these transactions, Mr. Landuyt directly owns 74,195 common units.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction by a company director. It is neither overly positive nor negative, but rather a neutral disclosure of insider activity.

Positives

• The acquisition of common units by a director could be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade in their company's securities. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The acquisition of shares and phantom units by a director is a common occurrence and is not unusual in the context of executive compensation and alignment of interests.

Stakeholder Impact

• The acquisition of shares by a director may be viewed positively by shareholders as it indicates confidence in the company's prospects.

Key Dates

Keywords

Suburban Propane Partners, Common Units, Phantom Units, Director Acquisition, Form 4, Beneficial Ownership, William M. Landuyt