Form 4: Suburban Propane Executive Neil Scanlon Reports Share Transactions

Neil Scanlon, a Senior Vice President at Suburban Propane Partners, reported multiple transactions involving the company's common units, including acquisitions and disposals, on November 15, 2024.

Summary

• Neil Scanlon, a Senior Vice President at Suburban Propane Partners, reported several transactions involving the company's common units on November 15, 2024.
• These transactions included the disposal of 14,072 common units to cover tax liabilities at a price of $17.77 per unit.
• He also acquired 13,541 common units through the vesting of phantom units at a price of $17.77 per unit, which were then immediately disposed of.
• Additionally, he acquired 21,517 common units at a price of $0.00, likely through a grant or award.
• Following these transactions, Scanlon's direct holdings increased to 169,574 common units.
• Scanlon also reported transactions involving phantom units, including the vesting of 13,541 units and the acquisition of 21,517 units.

Sentiment

Score: 5

Explanation: The document is a routine SEC 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 a common practice 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 who receive stock-based compensation, such as restricted stock units and phantom units.
• The vesting schedules and tax withholding practices are consistent with common 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 Partners, common units, phantom units, insider trading, SEC Form 4, Neil Scanlon, executive transactions