Form 4: Suburban Propane Partners LP CEO Michael Stivala Reports Changes in Beneficial Ownership

Suburban Propane Partners LP CEO Michael Stivala reported multiple transactions involving common units and phantom units, including acquisitions and disposals, on November 15, 2024.

Summary

• Michael Stivala, CEO of Suburban Propane Partners LP, reported several transactions on November 15, 2024.
• These transactions included the disposal of 23,903 common units to cover tax liabilities at a price of $17.77 per unit.
• He also acquired 8,498 common units through the vesting of phantom units at $17.77 per unit, and then disposed of the same 8,498 common units.
• Additionally, he acquired 47,646 common units at $0.00 per unit.
• Stivala also acquired 15,882 phantom units at $0.00 per unit and 8,498 phantom units through vesting.
• Following these transactions, Stivala directly owns 311,199 common units and 29,006 phantom units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing insider transactions, which is neither positive nor negative in itself. It reflects standard compensation practices and tax obligations.

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, 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 and subsequent sale of shares to cover tax liabilities is a common occurrence.

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 the market regarding insider trading activities.

Key Dates

Keywords

Suburban Propane Partners LP, Michael Stivala, common units, phantom units, beneficial ownership, SEC Form 4, insider trading