Sunoco LP (SUN) director reports 2,436-unit equity award and updated holdings

Rhea-AI Filing Summary

Sunoco LP director compensation update: A Sunoco LP director reported receiving 2,436 common units on 01/02/2026 at a price of $0, increasing their directly held beneficial ownership to 25,676 common units. The grant is structured as restricted phantom units 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.

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^*

Alvarez Oscar A.

(Last) (First) (Middle)

8111 WESTCHESTER DRIVE

STE 600

(Street)

DALLAS TX 75225

(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	25,676	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. Alvarez	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 on this Form 4?

A Sunoco LP director reported acquiring 2,436 common units on 01/02/2026 at a price of $0, as part of an equity-based award.

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

Following the reported grant, the director beneficially owns 25,676 common units, held in direct ownership.

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

The director received a grant of 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?

The restricted phantom units are scheduled to vest 60% on 01/02/2029 and 40% on 01/02/2031.

What conditions apply to the vesting of the Sunoco LP (SUN) phantom units?

Vesting is generally contingent upon the reporting person’s continued service on the board of directors on each applicable vesting date.

Is the Sunoco LP (SUN) reporting person a director or officer?

The filing indicates the reporting person is a director of Sunoco LP, with the corresponding box checked on the form.