Welcome to our dedicated page for Suburban Propane Partners SEC filings (Ticker: SPH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Suburban Propane Partners, L.P. (NYSE: SPH) SEC filings page provides access to the partnership’s official regulatory disclosures filed with the U.S. Securities and Exchange Commission. Suburban Propane is a publicly traded master limited partnership that describes itself as a nationwide distributor of propane, renewable propane, renewable natural gas (RNG), fuel oil and related products and services, as well as a marketer of natural gas and electricity and a producer of and investor in low carbon fuel alternatives.
Through this page, readers can review key filings such as Annual Reports on Form 10‑K, which include detailed information on the company’s operations, risk factors, and financial statements, and Current Reports on Form 8‑K, which Suburban Propane uses to report material events. Recent 8‑K filings have covered topics such as fiscal year and quarterly financial results, distribution declarations, conference call announcements, and financing transactions, including the pricing and completion of a private offering of 6.500% senior notes due 2035 and related plans to redeem outstanding senior notes due 2027.
Filings also describe Suburban Propane’s use of non‑GAAP financial measures like EBITDA and Adjusted EBITDA, and explain how the partnership views gross margin as revenues less cost of products sold. Risk-related disclosures discuss factors that may affect the business, including weather conditions, climate and regulatory developments, commodity price volatility, competition with other energy sources, renewable fuel project performance and environmental attribute markets, among others.
On Stock Titan, these SEC documents are complemented by AI-powered summaries designed to highlight the main points of lengthy filings such as 10‑K and 10‑Q reports, as well as significant 8‑K items. Users can quickly see the context of new debt offerings, distribution announcements, or changes in leverage and capital projects, while still having direct access to the full text on EDGAR. The page also helps track items relevant to governance and capital structure, including debt covenants and other obligations described in indentures filed as exhibits.
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)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)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)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
Suburban Propane Partners LP (SPH)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.