Form 4 for SPH SUBURBAN PROPANE PARTNERS LP
Accepted 2025-11-18 00:00:00 ET · period of report 2025-11-14 · accession 0001404435-25-000002 · 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 | 2025-11-18 | 2025-11-15 | SPH | Kuglin Michael | CFO | A - Grant | $0.00 | +24.1K | 198.2K | +14% | $0 |
| D | 2025-11-18 | 2025-11-14 | SPH | Kuglin Michael | CFO | M - OptEx | $18.83 | +23.4K | 197.5K | +13% | +$440.7K |
| D | 2025-11-18 | 2025-11-14 | SPH | Kuglin Michael | CFO | F - Tax | $18.83 | -12.0K | 174.1K | -6% | -$225.9K |
| D | 2025-11-18 | 2025-11-14 | SPH | Kuglin Michael | CFO | D - Sale to Iss | $18.83 | -23.4K | 174.1K | -12% | -$440.7K |
| D | 2025-11-18 | 2025-11-15 | SPH | Kuglin Michael | CFO | A - Grant | $0.00 | +24.1K | 49.1K | +97% | $0 |
| D | 2025-11-18 | 2025-11-14 | SPH | Kuglin Michael | CFO | M - OptEx | — | -23.4K | 25.0K | -48% | — |
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 (representing limited partnership interests) | 2025-11-15 | A | A | 24,112 | $0.00 | 198,182 | D | — | — | |
| 2 | Common | Common Units (representing limited partnership interests) | 2025-11-14 | M | A | 23,403 | $18.83 | 197,473 | D | — | — | |
| 3 | Common | Common Units (representing limited partnership interests) | 2025-11-14 | F | D | 11,998 | $18.83 | 174,070 | D | — | — | |
| 4 | Common | Common Units (representing limited partnership interests) | 2025-11-14 | D | D | 23,403 | $18.83 | 174,070 | D | — | — | |
| 5 | Derivative | Phantom Units | 2025-11-15 | A | A | 24,112 | $0.00 | 49,064 | D | — · — to — | 24,112 Common Units | (F2) One third of the phantom units vest on each of the first three anniversaries of the grant date, subject to continuous employment or service of the reporting person from the grant date through the applicable payment date. Upon vesting, phantom units are automatically converted into cash equal to the average of the highest and lowest trading prices of the Issuer's Common Units on the vesting date. |
| 6 | Derivative | Phantom Units | 2025-11-14 | M | D | 23,403 | — | 24,952 | D | — · — to — | 23,403 Common Units | (F2) One third of the phantom units vest on each of the first three anniversaries of the grant date, subject to continuous employment or service of the reporting person from the grant date through the applicable payment date. Upon vesting, phantom units are automatically converted into cash equal to the average of the highest and lowest trading prices of the Issuer's Common Units on the vesting date. |