other material
confidence high
sentiment neutral
materiality 0.35
Suburban Propane unitholders approve amended 2018 Restricted Unit Plan, adding 2.65M units
SUBURBAN PROPANE PARTNERS LP
- Additional 2,650,000 common units authorized under the plan, increasing total reserve to 6,175,000.
- Plan amendment approved at tri-annual meeting on May 21, 2024, effective June 1, 2024.
- Plan provides long-term incentive through restricted unit grants to employees and supervisors.
- Vesting typically occurs over three years with accelerated vesting upon Change of Control, death, or disability.