Form 4: Suburban Propane Executive Reports Share Transactions
SEC Form 4 Filing
A Suburban Propane executive, Michael A. Schueler, reported the acquisition and disposal of common units and phantom units on November 15, 2024.
Summary
- Michael A. Schueler, a Vice President at Suburban Propane Partners L.P., filed a Form 4 detailing transactions involving the company's common units and phantom units.
- On November 15, 2024, Schueler disposed of 6,338 common units at a price of $17.77 per unit to cover tax liabilities related to vesting restricted units.
- On the same day, Schueler acquired 6,282 common units at $17.77 per unit and then disposed of 6,282 common units at $17.77 per unit.
- Additionally, Schueler acquired 6,282 phantom units which are subject to vesting over three years.
- Following these transactions, Schueler directly owns 24,214 common units and 9,707 phantom units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive stock transactions, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to executive compensation and does not indicate any specific industry trends.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, such as Suburban Propane, and are required by the SEC to ensure transparency in insider trading.
- The transactions reported are typical for executives receiving stock-based compensation and do not indicate any unusual activity compared to similar companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date of the reported transactions involving common units and phantom units. |
| 11/18/2024 | Date the Form 4 was signed by Bryon Koepke, by power of attorney. |
Keywords
Suburban Propane, Form 4, insider trading, common units, phantom units, executive, Michael A. Schueler, SEC filing
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