Form 4: Suburban Propane Executive Sells 20,000 Common Units
SEC Form 4 Filing
Michael A. Schueler, Vice President of Product Supply at Suburban Propane, sold 20,000 common units of the company at a price of $21.08 on March 6, 2024.
Summary
- On March 6, 2024, Michael A. Schueler, Vice President of Product Supply at Suburban Propane Partners L.P., sold 20,000 common units of the company.
- The sale price was $21.08 per unit.
- Following the transaction, Schueler directly owns 30,552 common units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider transaction. It doesn't inherently convey positive or negative sentiment, but the sale of shares could be interpreted in various ways depending on the context.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be informative for investors.
Stakeholder Impact
- The sale of shares by a company executive could be perceived differently by stakeholders.
- Some may view it as a lack of confidence in the company's future, while others may see it as a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: Michael A. Schueler sold 20,000 common units. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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