Form 4: Suburban Propane Partners LP Executive A. Davin D'Ambrosio Reports Share Transactions
SEC Form 4 Filing
A. Davin D'Ambrosio, Vice President & Treasurer of Suburban Propane Partners LP, reported multiple transactions involving common units and phantom units on November 15, 2024.
Summary
- A. Davin D'Ambrosio, Vice President & Treasurer of Suburban Propane Partners LP, filed a Form 4 detailing changes in beneficial ownership.
- On November 15, 2024, D'Ambrosio engaged in several transactions involving common units and phantom units.
- These transactions included the withholding of 5,355 common units to cover tax liabilities, the acquisition of 4,935 common units through the vesting of phantom units, the disposal of 4,935 common units, and the acquisition of 7,397 common units.
- Additionally, D'Ambrosio acquired 4,935 phantom units and 7,397 phantom units.
- Following these transactions, D'Ambrosio beneficially owns 82,676 common units and 15,025 phantom units.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing executive transactions, which is neither positive nor negative in itself. It reflects standard corporate governance practices.
Industry Context
This filing is a routine disclosure of executive transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company insiders.
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 equity-based compensation.
- The vesting of phantom units and subsequent conversion to cash or common units is a common practice in executive compensation plans.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date of the reported transactions involving common units and phantom units. |
| 11/18/2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Suburban Propane Partners LP, Common Units, Phantom Units, Executive Transactions, SEC Filing, SPH
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