Form 4: Suburban Propane Partners LP: Officer Brinkworth Disposes of 5,000 Common Units
SEC Form 4 Filing
Douglas Brinkworth, SVP of Prod.Sup,Purch.&Logistics at Suburban Propane Partners L.P., sold 5,000 common units at $20.51 on February 29, 2024.
Summary
- On February 29, 2024, Douglas Brinkworth, an officer at Suburban Propane Partners L.P., disposed of 5,000 common units of the company.
- The transaction was executed at a price of $20.51 per unit.
- Following the transaction, Brinkworth directly owns 158,659 common units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company officers.
Stakeholder Impact
- The transaction may have a minor impact on shareholders, as insider transactions are often scrutinized for insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Douglas Brinkworth disposed of 5,000 common units. |
| 03/01/2024 | Signature date of the Form 4 filing. |
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