Form 4: Suburban Propane Executive Douglas Dagan Reports Share Transactions

Douglas Dagan, a VP at Suburban Propane, reported the acquisition and disposal of common units and phantom units on November 15, 2024.

Summary

• Douglas Dagan, a Vice President at Suburban Propane Partners, reported several transactions involving the company's common units and phantom units on November 15, 2024.
• He acquired 9,952 common units at a price of $17.77 per unit and disposed of 9,952 common units at the same price.
• Additionally, he acquired 16,138 common units at $0.00 per unit.
• He also acquired 16,138 phantom units and disposed of 9,952 phantom units.
• Following these transactions, Mr. Dagan directly owns 66,501 common units and 31,965 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 executive 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, ensuring transparency of insider trading.
• The transactions reported are typical for executives who receive stock-based compensation and may exercise or sell shares periodically.
• Similar filings can be seen across the energy sector with companies like Energy Transfer LP (ET) and Enterprise Products Partners L.P. (EPD), where executives regularly report their transactions.

Stakeholder Impact

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

Key Dates

Keywords

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