Form 4: Suburban Propane Director Harold R. Logan Jr. Sells 2,500 Common Units
SEC Form 4
Director Harold R. Logan Jr. of Suburban Propane Partners L.P. sold 2,500 common units at $17.37 per unit on September 6, 2024, leaving him with 37,015 units.
Summary
- On September 6, 2024, Harold R. Logan Jr., a director of Suburban Propane Partners L.P., sold 2,500 common units of the company.
- The sale price was $17.37 per unit.
- Following the transaction, Logan directly owns 37,015 common units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares by a director could be perceived in various ways by stakeholders.
- Some might see it as a lack of confidence in the company's future, while others might view it as a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of transaction: Harold R. Logan Jr. sold 2,500 common units. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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