Sunoco LP (SUN) director receives long-term incentive phantom unit grant

Rhea-AI Filing Summary

Sunoco LP director reports grant of restricted phantom units

A Sunoco LP director filed a Form 4 reporting an award of 2,436 restricted phantom units of Sunoco LP common units on 01/02/2026. The filing shows the director now beneficially owns 19,248 common units following this grant, held directly.

The units were granted under the Sunoco LP 2018 Long Term Incentive Plan, as amended. According to the explanation, the award will vest 60% on 01/02/2029 and 40% on 01/02/2031, generally contingent on the director continuing to serve on the board of directors through each vesting date. The transaction price is listed as $0, indicating it is a compensatory grant rather than an open-market purchase.

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

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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^*

Skidmore David K

(Last) (First) (Middle)

4761 FRANK LUKE DR.

(Street)

ADDISON TX 75001

(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	19,248	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. Skidmore	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) report in this Form 4?

The Form 4 reports that a Sunoco LP director received a grant of 2,436 restricted phantom units of Sunoco LP common units on 01/02/2026 under a long-term incentive plan.

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

After the reported grant, the director beneficially owns 19,248 Sunoco LP common units, shown as held in direct ownership.

What are the vesting terms of the restricted phantom units granted by Sunoco LP (SUN)?

The 2,436 restricted phantom units will vest 60% on 01/02/2029 and 40% on 01/02/2031, generally conditioned on the director’s continued service on the board on each vesting date.

Under which equity plan were the Sunoco LP (SUN) restricted phantom units granted?

The award was granted under the Sunoco LP 2018 Long Term Incentive Plan, as amended, as stated in the explanation of responses.

Did the Sunoco LP (SUN) director pay a purchase price for the reported units?

The transaction price is reported as $0, indicating the restricted phantom units were awarded as compensation rather than purchased in the market.

Who signed the Sunoco LP (SUN) Form 4 for this insider transaction?

The Form 4 is signed by /s/ Peggy J. Harrison as Attorney-in-Fact for Mr. Skidmore on 01/06/2026.