Every Form 4 that Suburban Propane Partners L P (SPH) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow SPH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPH filings page.
Suburban Propane Partners LP (SPH) director Jane Swift sold 148 common units on September 29, 2026, at $16.39 per unit, and 364 units on September 28, 2026, at $16.53 per unit. Both transactions were direct sales, totaling 512 common units. No Rule 10b5-1 plan is reported.
SUBURBAN PROPANE PARTNERS LP (SPH) officer Bryon L. Koepke, Vice President, General Counsel & Secretary, reported a sale of 2,848 Common Units (representing limited partnership interests) on 2026-08-31 in an open market or private transaction at $17.65 per unit. After this transaction, Koepke directly holds 100,714 Common Units.
Suburban Propane Partners LP director reports Rule 10b5-1 sale
A director of Suburban Propane Partners LP (SPH) reported selling 10,000 common units representing limited partnership interests on 12/02/2025 at a price of $19.31 per unit. This was disclosed as an open market sale coded "S" in the non-derivative securities table.
After this transaction, the reporting person beneficially owns 63,176 common units, held directly. The filing notes that the sale was made under a written trading plan entered into on August 14, 2025, intended to meet the affirmative defense conditions of Rule 10b5-1(c), which allows pre-arranged trading programs for insiders.
Suburban Propane Partners, L.P. (SPH) reported an insider transaction by a director. On 11/19/2025, the reporting person disposed of 5,000 common units representing limited partnership interests in an open market-style transaction coded as a sale. The units were sold at a price of $18.51 per unit. After this transaction, the director beneficially owns 26,727 common units, held directly.
Suburban Propane Partners (SPH) reported a Form 4 filing for a director involving common units and phantom units on 11/14/2025. The director had transactions in 2,354 common units at a price of $18.83 per unit and held 64,549 common units beneficially following the reported activity, in direct ownership form. The filing also shows activity in 2,354 phantom units linked to common units, with 4,706 phantom units beneficially owned afterward.
According to the disclosure, one third of the phantom units vest on each of the first three anniversaries of the grant date, as long as the director’s employment or service continues through the applicable payment date. When these phantom units vest, they are automatically converted into cash based on the average of the highest and lowest trading prices of the issuer’s common units on the vesting date.
Suburban Propane Partners (SPH) reported insider activity by its VP, Tax, on a Form 4. On 11/14/2025, the officer exercised 5,850 phantom units into the same number of common units at $18.83 per unit, then disposed of 5,850 common units at the same price, ending that day with 29,444 common units held directly. On 11/15/2025, the officer acquired an additional 8,038 common units at $0.0000, bringing the direct holding to 37,482 common units.
In the derivative table, 5,850 phantom units were settled on 11/14/2025, leaving 6,890 phantom units, and a new award of 8,038 phantom units was granted on 11/15/2025 at $0.0000, for a total of 14,928 phantom units held. According to the terms, one third of the phantom units vest on each of the first three anniversaries of the grant date, and upon vesting they are automatically converted into cash based on the issuer’s unit trading prices on the vesting date.
Suburban Propane Partners LP (SPH) reported insider equity activity for its SVP, Operations on a Form 4. On 11/14/2025, the officer satisfied tax obligations related to vesting restricted units through the issuer’s withholding of 7,962 Common Units at $18.83 per unit. On 11/15/2025, the officer acquired 18,754 Common Units at a stated price of $0.0000, reflecting equity compensation rather than an open-market purchase, resulting in 69,587 Common Units held directly afterward. The filing also shows 18,754 phantom units, which convert into cash upon vesting based on the average of the highest and lowest trading prices of the common units on each vesting date, with one third of the phantom units vesting on each of the first three anniversaries of the grant date.
Suburban Propane Partners LP (SPH) reported insider equity activity by its VP-Renewable Nat Gas Operations. On 11/14/2025, the officer had 3,587 common units withheld at $18.83 per unit to cover taxes tied to vesting of previously granted restricted units, and related movements of 6,951 common units at the same price. On 11/15/2025, the officer acquired 8,038 common units at a price of $0.0000, reflecting vesting rather than a market purchase. After these transactions, the officer directly held 24,949 common units. In the derivative account, phantom units tied to common units changed, leaving 15,417 phantom units beneficially owned, which pay cash based on the trading price when they vest.
Suburban Propane Partners LP (SPH) reported insider equity transactions by its VP of Marketing & Brand Strategy on 11/14/2025 and 11/15/2025. The filing shows multiple movements in Common Units representing limited partnership interests at a transaction price of $18.83, including 4,807 units disposed of to cover tax obligations and 9,460 units acquired and then disposed of on the same date. After these transactions, the reporting person directly held 55,375 Common Units.
On the following day, the insider acquired an additional 10,717 Common Units at a stated price of $0.0000, increasing direct beneficial ownership to 66,092 Common Units. In Table II, the insider exercised and received derivative awards in the form of phantom units tied to Common Units: 9,460 phantom units were exercised on 11/14/2025, and 10,717 phantom units were granted on 11/15/2025, resulting in 21,316 phantom units held after the reported transactions.
Suburban Propane Partners (SPH) reported insider equity transactions by its VP-Controller & Chief Accounting Officer. On 11/14/2025, the officer had 5,082 common units withheld at $18.83 per unit to cover taxes upon vesting of restricted units, reducing the holding to 66,853 common units. The same day, 9,867 phantom units were exercised into 9,867 common units, followed by a disposition of those 9,867 common units at $18.83, keeping the total at 66,853 common units. On 11/15/2025, 10,717 common units were acquired at $0.0000, increasing direct ownership to 77,570 common units. The officer also reported 21,316 phantom units, which vest in three annual installments and are settled in cash based on the trading price of SPH common units on each vesting date.
Suburban Propane Partners LP (SPH) reported insider equity activity by a vice president for operational support. On November 14, 2025, the officer satisfied tax obligations tied to previously granted restricted units by allowing the issuer to withhold 4,807 common units at $18.83 per unit. That same day, 9,460 common units were acquired through the exercise of derivative awards at $18.83 and then disposed of in a separate transaction for the same price.
On November 15, 2025, the officer received 10,717 common units at a stated price of $0.0000, increasing direct ownership to 86,599 common units. In addition, the officer reported derivative holdings of 21,316 phantom units, which vest in three equal annual installments and convert into cash based on the average of the highest and lowest trading prices of SPH common units on each vesting date.
Suburban Propane Partners LP (SPH) reported insider equity transactions by its Vice President & Treasurer on 11/14/2025 and 11/15/2025. The filing shows tax withholding of 3,834 common units in connection with the vesting of previously granted restricted units, with units withheld at a price of $18.83 to cover the reporting person’s tax liability. On the same day, 7,401 phantom units were exercised into an equal number of common units, followed by a matching disposition of 7,401 common units at $18.83. On 11/15/2025, an additional 7,368 common units were acquired at $0.00 upon vesting of phantom units, leaving the insider with 79,710 common units held directly, plus 14,992 phantom units that vest in thirds on each of the first three anniversaries of the grant date.
Suburban Propane Partners (SPH) reported insider unit activity by its Vice President, Strategic Initiatives – Renewable Energy. On 11/14/2025, the officer exercised 15,331 phantom units into an equal number of common units at a reference price of $18.83, then disposed of those 15,331 common units at the same price. After these trades, the officer held 66,501 common units directly.
On 11/15/2025, the officer received a grant of 34,830 additional common units at $0.0000, bringing direct ownership to 101,331 common units. A separate derivative position shows 15,331 phantom units converted and 16,634 phantom units remaining. According to the vesting terms, one third of the phantom units vest on each of the first three anniversaries of the grant date and settle in cash based on the issuer’s trading price on the vesting date.
Suburban Propane Partners (SPH) reported insider equity activity by its Vice President, Human Resources. On 11/14/2025 and 11/15/2025, the officer had restricted and phantom units vest, with related transactions in common units.
On 11/14/2025, 7,816 common units were withheld at $18.83 to cover taxes tied to vesting, 15,331 common units were acquired at $18.83 through the exercise of derivative awards, and 15,331 common units were disposed of at $18.83. On 11/15/2025, 17,415 common units were acquired at $0.0000 upon vesting.
Following these transactions, the officer beneficially owned 105,776 common units directly. In addition, the officer held 34,049 phantom units, which vest in thirds over three years and convert into cash based on the issuer’s common unit trading prices at vesting.
Suburban Propane Partners LP (SPH) officer Bryon Koepke, VP, General Counsel & Secretary, reported several equity transactions on Form 4. On 11/14/2025, the issuer withheld 5,210 common units at $18.83 to cover taxes tied to vesting of restricted units, then 15,331 common units were acquired through the exercise of phantom units at $18.83 and the same number of units was subsequently disposed of at that price. On 11/15/2025, 17,415 common units were acquired at a stated price of $0.0000, reflecting settlement of phantom units. After these transactions, Koepke directly owned 103,562 common units and 34,049 phantom units, which vest over time and settle in cash based on the trading price of the common units.
Suburban Propane Partners LP (SPH) reported insider equity activity by its SVP of Information Services on a Form 4. On 11/14/2025, common units were withheld to cover tax liabilities tied to the vesting of previously granted restricted units, at a price of $18.83 per unit. The officer also saw common units acquired and disposed of at the same price in connection with derivative awards. On 11/15/2025, an additional 21,433 common units were acquired at $0.0000, reflecting vesting of equity-based compensation rather than an open-market purchase. Following these transactions, the officer directly owned 180,403 common units and held 43,612 phantom units, which convert into cash upon vesting based on the trading price of the common units.
Suburban Propane Partners LP (SPH) senior vice president for product supply, purchasing and logistics reported routine equity compensation activity. On 11/14/2025, the insider had 11,998 common units withheld at $18.83 per unit to cover taxes tied to the vesting of previously granted restricted units, and 23,403 common units were acquired and then disposed of at the same price, leaving 147,357 common units held directly. On 11/15/2025, the insider acquired 24,112 common units at $0.00 as part of equity awards, increasing direct holdings to 171,469 common units. A related phantom unit award of 24,112 units was granted, with one third of the phantom units vesting on each of the first three anniversaries of the grant date and settling in cash based on the trading prices of the common units on each vesting date.
Suburban Propane Partners (SPH) Chief Financial Officer, reporting on Form 4, disclosed several transactions in Common Units and phantom units. On 11/14/2025, 11,998 Common Units were withheld at $18.83 per unit to cover tax obligations tied to vesting of previously granted restricted units, leaving 174,070 Common Units directly owned afterward. The same day, 23,403 units were acquired through a transaction coded “M” at $18.83 and an equal number of units were disposed of at that price.
On 11/15/2025, 24,112 Common Units were acquired at $0.0000 per unit, increasing direct ownership to 198,182 Common Units. Related derivative holdings show phantom units: 23,403 units involved in a transaction on 11/14/2025 and 24,112 additional phantom units on 11/15/2025, bringing phantom unit holdings to 49,064. The phantom units vest in three annual installments and convert into cash based on the average of the highest and lowest trading prices of SPH Common Units on each vesting date, subject to continued service.
Suburban Propane Partners LP (SPH) President & CEO, who is also a director, reported several equity transactions in Common Units and phantom units. On 11/14/2025, the reporting person satisfied tax withholding related to vesting of previously granted restricted units through the issuer’s withholding of 22,442 Common Units, and also exercised and disposed of units at a price of $18.83 per unit. On 11/15/2025, the reporting person acquired 48,224 Common Units at a stated price of $0.0000. After these transactions, the reporting person directly beneficially owned 336,981 Common Units and 31,290 phantom units, which vest in thirds on each of the first three anniversaries of the grant date and convert into cash based on the trading price of the issuer’s Common Units upon vesting.
Suburban Propane Partners LP (SPH) reported an insider equity transaction by a director on 11/14/2025. The filing shows the exercise of derivative-based phantom units into 2,354 common units at $18.83 per unit, followed by a disposition of the same 2,354 common units at the same price. After these transactions, the reporting person directly beneficially owned 31,727 common units and 4,706 phantom units. The phantom units vest in three equal annual installments and, upon vesting, are automatically settled in cash based on the average of the highest and lowest trading prices of SPH common units on the vesting date.
Suburban Propane Partners LP (SPH) director transaction reported
A director of Suburban Propane Partners LP reported activity in common units and related phantom units on 11/14/2025. The reporting person exercised 2,354 phantom units, which converted into the same number of common units at a price of $18.83 per unit. On the same date, the director disposed of 2,354 common units at $18.83 per unit, indicating a matched exercise and sale.
Following these transactions, the director beneficially owned 39,120 common units directly and held 4,706 phantom units. The phantom units vest in three equal annual installments from the grant date and, upon vesting, are automatically settled in cash based on the average of the highest and lowest trading prices of Suburban Propane’s common units on the vesting date.
Suburban Propane Partners LP (SPH) reported an insider transaction by a director on 11/14/2025. The director exercised 2,354 phantom units into common units representing limited partnership interests at a price of $18.83 per unit and then disposed of 2,354 common units at the same price. After these transactions, the director directly beneficially owned 36,809 common units and held 4,706 phantom units as derivative securities. The phantom units vest in three equal annual installments, and upon vesting are settled in cash based on the average of the highest and lowest trading prices of SPH common units on the vesting date.
Suburban Propane Partners LP (SPH) reported a Form 4 for a director showing activity in common units and phantom units on 11/14/2025. The director acquired 2,354 common units (representing limited partnership interests) in a transaction coded "M" at a price of $18.83 per unit, then disposed of 2,354 common units in a separate transaction coded "D" at the same $18.83 price. Following these transactions, the director directly beneficially owned 74,195 common units. In addition, 2,354 phantom units were involved in a derivative transaction coded "M," leaving 4,706 phantom units beneficially owned. The phantom units vest in three equal annual installments from the grant date and are settled in cash based on the average of the highest and lowest trading prices of the issuer's common units on each vesting date.
Suburban Propane Partners, L.P. director transaction: A reporting person serving as a director of SUBURBAN PROPANE PARTNERS LP (SPH) reported equity transactions dated 11/14/2025. The individual exercised 3,138 phantom units into common units at a price of $18.83 per unit and then disposed of 3,138 common units at the same price. After these transactions, the director beneficially owned 73,176 common units directly and 6,276 phantom units.
The phantom units vest in three equal installments on each of the first three anniversaries of the grant date, subject to continued service. Upon vesting, each phantom unit is settled in cash based on the average of the highest and lowest trading prices of SPH common units on the vesting date.