Form 4 for SUN Sunoco LP
Accepted 2024-12-09 00:00:00 ET · period of report 2024-12-05 · accession 0000950170-24-134576 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-12-09 | 2024-12-05 | SUN | Kim Joseph | Pres, CEO, Dir | A - Grant | $0.00 | +56.2K | 478.5K | +13% | $0 |
| D | 2024-12-09 | 2024-12-05 | SUN | Kim Joseph | Pres, CEO, Dir | F - Tax | $54.97 | -24.6K | 422.2K | -5% | -$1.35M |
| D | 2024-12-09 | 2024-12-05 | SUN | Kim Joseph | Pres, CEO, Dir | A - Grant | — | +18.8K | 18.8K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Units | 2024-12-05 | A | A | 56,250 | $0.00 | 478,498 | D | — | — | (F2) Grant of restricted phantom units awarded under the terms of the Sunoco LP 2018 Long Term Incentive Plan, as amended, that will vest 60% on 12/5/2027 and 40% on 12/5/2029 generally contingent upon the continued employment of the reporting person on each applicable vesting date. |
| 2 | Common | Common Units | 2024-12-05 | F | D | 24,573 | $54.97 | 422,248 | D | — | — | (F1) Payment of tax liability by withholding securities incident to the vesting of Restricted Units issued under one of the Sunoco LP Long-Term Incentive Plans (LTIP). This method is the default option for payment of tax liability upon vesting of LTIP awards. |
| 3 | Derivative | Cash Units | 2024-12-05 | A | A | 18,750 | — | 18,750 | D | — · — to — | 18,750 Common Units | (F3) An award of cash units granted under the Sunoco LP Long-Term Cash Restricted Unit Plan, scheduled to vest one-third on December 5, 2025, one-third on December 5, 2026, and one-third on December 5, 2027, generally contingent upon the reporting person's continued employment with the Issuer or one of its affiliates on each applicable vesting date. The cash units will be settled solely in cash at the fair market value of the underlying common units based on the average closing price of a common unit for the ten (10) trading days immediately preceding the applicable vesting date. |