Form 4: Suburban Propane Executive Alejandro Centeno Reports Share Transactions

Alejandro Centeno, SVP of Operations at Suburban Propane, reported the acquisition of 32,275 common units and the disposal of 4,077 common units to cover tax obligations.

Summary

• Alejandro Centeno, a Senior Vice President at Suburban Propane, filed a Form 4 detailing changes in his beneficial ownership of the company's common units.
• On November 15, 2024, Mr. Centeno acquired 32,275 common units at a price of $0.00, likely due to vesting of restricted units.
• On the same day, he disposed of 4,077 common units at a price of $17.77 per unit to cover tax liabilities associated with the vesting.
• Following these transactions, Mr. Centeno's direct ownership stands at 58,795 common units before the tax transaction and 26,520 after the tax transaction.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing standard executive transactions, and does not indicate any positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and is typical for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives receiving stock-based compensation and covering tax obligations.
• Similar filings can be seen across the energy sector and other industries where stock-based compensation is common.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Suburban Propane, Form 4, Beneficial Ownership, Common Units, Executive Transactions, SEC Filing, Restricted Units, Tax Withholding