Form 4: Suburban Propane Director Sells 7,438 Common Units

A director of Suburban Propane Partners L.P., Jane Swift, sold 7,438 common units at a price of $18.7207 per unit on November 26, 2024.

Summary

• Jane Swift, a director at Suburban Propane Partners L.P., sold 7,438 common units of the company.
• The transaction occurred on November 26, 2024.
• The sale price was $18.7207 per common unit.
• Following the transaction, Ms. Swift directly owns 36,809 common units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction by a company director. It does not inherently suggest positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company securities. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The sale of common units by a director is a common occurrence and does not necessarily indicate a negative outlook for the company.
• Comparable companies in the energy sector also have similar filings when directors or officers trade company stock.

Stakeholder Impact

• The sale of common units by a director may be of interest to shareholders, but it is a routine transaction and does not necessarily indicate a change in the company's outlook.

Key Dates

Keywords

Suburban Propane Partners, common units, director sale, insider trading, SPH, Jane Swift