Form 4: Sunoco LP Director Smith W Brett Reports Changes in Beneficial Ownership

Director Smith W Brett reports acquisition and disposal of Sunoco LP common units.

Summary

• On January 2, 2025, Director Smith W Brett acquired 2,204 common units of Sunoco LP.
• These units were acquired at a price of $0.
• The director also disposed of 3,681 common units.
• Following these transactions, the director beneficially owns 3,681 common units.
• The director was also granted restricted phantom units under the Sunoco LP 2018 Long Term Incentive Plan.
• 60% of these phantom units will vest on January 2, 2028, and 40% will vest on January 2, 2030, contingent upon continued service on the board.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of insider transactions. The grant of restricted phantom units is a mildly positive sign, suggesting continued alignment of interests.

Positives

• The grant of restricted phantom units suggests a continued alignment of the director's interests with the long-term performance of Sunoco LP.

Future Outlook

The vesting of restricted phantom units is contingent upon the reporting person's continued service on the board of directors.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in the company's securities.

Stakeholder Impact

• The transactions may provide stakeholders with insights into the director's view of the company's prospects.

Key Dates