Sunoco EVP granted 20,000 common units
Hand Brian A reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Hand Brian A reported acquisition or exercise transactions in this Form 4 filing.
Sunoco LP EVP-Chief Sales Officer Brian A. Hand received a grant of 20,000 common units as a one-time restricted phantom unit award. The grant, issued at no cash cost to him, is part of the Sunoco LP 2018 Long-Term Incentive Plan. It will vest 60% on December 5, 2028 and 40% on December 5, 2030, generally contingent on his continued employment through each date. Following this award, he directly holds 190,914 common units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 20,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. A special one-time award of restricted phantom units granted in recognition of the reporting person's performance and contributions, awarded under the Sunoco LP 2018 Long-Term Incentive Plan, as amended. The award shall vest 60% on December 5, 2028, and 40% on December 5, 2030, generally contingent upon the reporting person's continued employment through each applicable vesting date.
Key Figures
Key Terms
restricted phantom units financial
Sunoco LP 2018 Long-Term Incentive Plan financial
vesting financial
EVP-Chief Sales Officer financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sunoco LP EVP Brian A. Hand acquire in this Form 4 filing for SUN?
How and when will Brian A. Hand’s 20,000 Sunoco LP units vest?
Is Brian A. Hand’s Sunoco LP Form 4 transaction an open-market purchase or sale?
How many Sunoco LP common units does Brian A. Hand hold after this award?
Under which plan was Brian A. Hand’s Sunoco LP phantom unit award granted?
What performance or service conditions apply to Brian A. Hand’s Sunoco LP award?
AI-generated analysis. How Rhea-AI works. Not financial advice.