Sunoco LP (SUN) director receives 2,436 common unit phantom award

Rhea-AI Filing Summary

Sunoco LP reported that one of its directors acquired additional equity-based compensation in the form of common units. On 01/02/2026, the director received 2,436 Sunoco LP common units at a price of $0, increasing the director's beneficial ownership to 12,815 common units held directly after the transaction.

The award is structured as restricted phantom units granted under the Sunoco LP 2018 Long Term Incentive Plan, as amended. These units are scheduled to vest 60% on 01/02/2029 and 40% on 01/02/2031, generally contingent on the director’s continued service on the board through each vesting date. This filing records the equity grant and updated ownership position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Washburne Ray W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Units	2,436	$0.00	--

Holdings After Transaction: Common Units — 12,815 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Washburne Ray W

(Last) (First) (Middle)

47 HIGHLAND PARK VILLAGE, SUITE 200

(Street)

DALLAS TX 75205

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sunoco LP [ SUN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units	01/02/2026		A		2,436(1)	A	$0	12,815	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 01/02/2029 and 40% on 01/02/2031 generally contingent upon the reporting person's continued service on the board of directors on each applicable vesting date.

	/s/ Peggy J. Harrison, Attorney-in-Fact for Mr. Washburne	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Sunoco LP (SUN) disclose in this Form 4?

Sunoco LP disclosed that a director received an equity-based award of 2,436 common units on 01/02/2026 at a price of $0 per unit.

How many Sunoco LP (SUN) units does the director own after this transaction?

After the reported grant, the director beneficially owns 12,815 Sunoco LP common units, held in direct ownership.

What type of equity award did the Sunoco LP (SUN) director receive?

The director received restricted phantom units awarded under the Sunoco LP 2018 Long Term Incentive Plan, as amended.

When do the Sunoco LP (SUN) restricted phantom units vest for the director?

The restricted phantom units are scheduled to vest 60% on 01/02/2029 and 40% on 01/02/2031, generally contingent on continued board service.

Is this Sunoco LP (SUN) insider transaction a purchase on the open market?

No. The filing describes a grant of restricted phantom units at $0 under a long-term incentive plan, not an open-market purchase.

What is the reporting person’s relationship to Sunoco LP (SUN)?

The reporting person in this filing is identified as a director of Sunoco LP.