Form 4: Suburban Propane Director Sells 3,000 Common Units

Director Harold R. Logan Jr. sold 3,000 common units of Suburban Propane Partners LP at a price of $18.261 per unit on November 25, 2024.

Summary

• Harold R. Logan Jr., a director at Suburban Propane Partners LP, sold 3,000 common units of the company.
• The transaction occurred on November 25, 2024.
• The sale price was $18.261 per unit.
• Following the transaction, Mr. Logan directly owns 47,127 common units.

Sentiment

Score: 5

Explanation: This is a neutral transaction, a routine sale of shares by a director. It doesn't indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, which is common for publicly traded companies when insiders buy or sell shares. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the United States.
• The sale of 3,000 units by a director is not unusual and is within the normal range of insider trading activity.
• Comparable companies would also have similar filings when directors trade their company's stock.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on investor sentiment, but is unlikely to have a significant impact on the share price.

Key Dates

Keywords

Suburban Propane Partners LP, insider trading, common units, director, Harold R. Logan Jr., sale of securities