4/A: Sunoco LP Director David K. Skidmore Amends Ownership Disclosure
Ownership Disclosure Amendment
David K. Skidmore, a director of Sunoco LP, filed an amendment to a previous Form 4, correcting the reported amount of securities beneficially owned following a transaction on January 2, 2024.
Summary
- This is an amendment to a Form 4 filing by David K. Skidmore, a director of Sunoco LP.
- The amendment corrects the amount of securities beneficially owned following a reported transaction on January 2, 2024.
- The corrected amount is 13,108 common units, up from the previously reported 10,531.
- The transaction on January 2, 2024, involved the grant of 2,577 restricted phantom units under the Sunoco LP 2018 Long-Term Incentive Plan.
- These units will vest 60% on December 5, 2027, and 40% on December 5, 2029, contingent upon continued service on the board.
Sentiment
Score: 7
Explanation: The document is a routine amendment to a regulatory filing, indicating a neutral sentiment. The correction of information is a positive sign of transparency.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The correction of the reported securities ownership provides more accurate information to shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2024 | Date of transaction involving the grant of restricted phantom units. |
| 01/04/2024 | Date of original filing that was amended. |
| 12/05/2027 | Vesting date for 60% of the restricted phantom units. |
| 12/05/2029 | Vesting date for the remaining 40% of the restricted phantom units. |
| 04/19/2024 | Date of the amendment filing. |
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