Form 4: Suburban Propane Executive Dante Elmer Reports Share Transactions

Suburban Propane's VP of Tax, Dante Elmer, reports the acquisition and disposal of common units and phantom units on November 15, 2024.

Summary

• Dante Elmer, VP of Tax at Suburban Propane Partners, reported several transactions involving the company's common units and phantom units on November 15, 2024.
• Mr. Elmer acquired 3,386 common units at a price of $17.77 per unit and simultaneously disposed of 3,386 common units at the same price.
• He also acquired 7,397 common units at $0.00 per unit.
• Additionally, Mr. Elmer acquired 7,397 phantom units at $0.00 per unit and disposed of 3,386 phantom units.
• Following these transactions, Mr. Elmer beneficially owns 29,444 common units and 12,740 phantom units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of insider transactions, which is neither positive nor negative in itself. It reflects normal activity.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in 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, and this filing is consistent with those requirements.
• The transactions reported are typical for executives who receive stock-based compensation and may exercise or sell shares periodically.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are routine insider transactions.
• The filing provides transparency to shareholders regarding executive trading activity.

Key Dates

Keywords

Suburban Propane Partners, SPH, common units, phantom units, insider trading, Form 4, Dante Elmer, executive transactions