[Form 4] Sunoco LP Insider Trading Activity
Rhea-AI Filing Summary
Sunoco LP executive Daniel Hand reported equity transactions related to long-term incentives. As EVP–Chief Sales Officer, he filed a Form 4 showing that 9,149 common units were withheld on 12/05/2025 at $55.26 per unit to cover taxes upon vesting of previously granted restricted units. After this, he directly held 151,039 common units.
On the same date, he received a grant of 19,875 restricted phantom units at no cost, which are scheduled to vest 60% on 12/5/2028 and 40% on 12/5/2030, generally contingent on continued employment. He also received 6,625 cash units under a long-term cash restricted unit plan, set to vest in three equal installments on December 5 of 2026, 2027, and 2028, and to be settled in cash based on the average market price of Sunoco common units. Following these awards, he held 170,914 common units and 9,959 cash units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Cash Units | 6,625 | $0.00 | -- |
| Tax Withholding | Common Units | 9,149 | $55.26 | $506K |
| Grant/Award | Common Units | 19,875 | $0.00 | -- |
Footnotes (1)
- Payment of tax liability by withholding securities incident to the vesting of Restricted Units issued under one of the Sunoco LP Long-Term Incentive Plans (LTIP). This method is the default option for payment of tax liability upon vesting of LTIP awards. 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 12/5/2028 and 40% on 12/5/2030 generally contingent upon the continued employment of the reporting person on each applicable vesting date. An award of cash units granted under the Sunoco LP Long-Term Cash Restricted Unit Plan, scheduled to vest one-third on December 5, 2026, one-third on December 5, 2027, and one-third on December 5, 2028, generally contingent upon the reporting person's continued employment with the Issuer or one of its affiliates on each applicable vesting date. The cash units will be settled solely in cash at the fair market value of the underlying common units based on the average closing price of a common unit for the ten (10) trading days immediately preceding the applicable vesting date.