Director at SunocoCorp (SUNC) receives restricted phantom unit grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunocoCorp LLC director Brannon Richard D reported two equity awards of common units. On March 6, 2026, he acquired 2,500 and 2,436 restricted phantom units at a stated price of $0.0000 per unit under the SunocoCorp LLC Long Term Incentive Plan.
The first grant will vest 60% on October 31, 2028 and 40% on October 31, 2030. The second grant will vest 60% on January 2, 2029 and 40% on January 2, 2031, in each case generally contingent on his continued service on the board on the applicable vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brannon Richard D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 2,500 | $0.00 | -- |
| Grant/Award | Common Units | 2,436 | $0.00 | -- |
Holdings After Transaction:
Common Units — 2,500 shares (Direct)
Footnotes (1)
- Grant of restricted phantom units awarded under the terms of the SunocoCorp LLC Long Term Incentive Plan that will vest 60% on 10/31/2028 and 40% on 10/31/2030 generally contingent upon the reporting person's continued service on the board of directors on each applicable vesting date. Grant of restricted phantom units awarded under the terms of the SunocoCorp LLC Long Term Incentive Plan 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.
FAQ
What insider transaction did SunocoCorp (SUNC) disclose for Brannon Richard D?
SunocoCorp reported that director Brannon Richard D received two grants of restricted phantom units representing common units on March 6, 2026. The awards total 2,500 and 2,436 units, granted at a stated price of $0.0000 per unit under the company’s Long Term Incentive Plan.
How many restricted phantom units were granted to the SunocoCorp (SUNC) director?
The director received two separate awards of restricted phantom units: one for 2,500 units and another for 2,436 units. These awards are tied to common units and were issued under the SunocoCorp LLC Long Term Incentive Plan at a reported price of $0.0000 per unit.
When do the SunocoCorp (SUNC) restricted phantom units granted to the director vest?
One grant vests 60% on October 31, 2028 and 40% on October 31, 2030. The second grant vests 60% on January 2, 2029 and 40% on January 2, 2031, with vesting generally contingent on the director’s continued board service on those dates.
What conditions apply to the SunocoCorp (SUNC) director’s phantom unit awards?
The phantom unit awards generally require the director to remain on the SunocoCorp LLC board through each vesting date. Vesting occurs in two tranches per grant, with 60% vesting on the first date and 40% on the second, according to the Long Term Incentive Plan terms.
Are the SunocoCorp (SUNC) director’s phantom unit grants open-market purchases or compensation awards?
The transactions are compensation awards, not open-market purchases. They are reported with code A as grants or awards of restricted phantom units under the SunocoCorp LLC Long Term Incentive Plan, each at a stated transaction price of $0.0000 per unit.