Form 4: Suburban Propane Executive Koepke Reports Share Transactions

Suburban Propane's VP, General Counsel & Secretary, Bryon Koepke, reported multiple transactions involving common units and phantom units, including acquisitions and disposals, on November 15, 2024.

Summary

• Bryon Koepke, VP, General Counsel & Secretary of Suburban Propane Partners LP, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On November 15, 2024, Koepke engaged in several transactions involving common units and phantom units.
• These transactions included the disposal of 10,176 common units to cover tax liabilities related to vesting restricted units at a price of $17.77 per unit.
• He also acquired 9,952 common units through the vesting of phantom units at $17.77 per unit, which were then disposed of.
• Additionally, Koepke acquired 16,138 common units at $0.00, and 16,138 phantom units at $0.00.
• Following these transactions, Koepke's direct holdings include 75,219 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 standard executive compensation practices.

Industry Context

This filing is a routine disclosure of insider transactions, which is common 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, and Suburban Propane's filing is consistent with these requirements.
• The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units and phantom units.
• The vesting schedules and tax withholding mechanisms are also common practices in executive compensation plans.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
• The filing provides transparency to stakeholders regarding executive trading activity.

Key Dates

Keywords

Suburban Propane, Form 4, insider trading, common units, phantom units, securities, beneficial ownership, executive compensation