NORTH SUBURBAN AGENCIES INC

o the applicable maximum compensation limits. For fiscal 2025, fiscal 2024 and fiscal 2023, the performance conditions that provide for more than the $0.50 match were not met. The matching contributions made on behalf of our named executive officers for fiscal 2025, fiscal 2024 and fiscal 2023 are reported in the column titled “All Other Compensation” in the Summary Compensation Table below. Other Benefits Each named executive officer is eligible to participate in all of our other employee benefit plans, such as the medical, dental, group life insurance and disability plans, on the same basis as other exempt employees. These benefit plans are offered to attract and retain talented employees by providing them with competitive benefits. 75 Table of Contents There are no post-termination or o

ributions during the vesting period. Upon vesting, restricted units are automatically converted into our Common Units, with full voting rights and rights to receive distributions. Vesting Schedule The standard vesting schedule of all of our outstanding RUP awards is one third of each award on each of the first three anniversaries of the award grant date. The Committee retains the ability to deviate, at its discretion, from the normal vesting schedule 72 Table of Contents with respect to particular restricted unit awards, subject to the limitations set forth in the RUP, and described above, with respect to restricted units awarded under that plan. Unvested awards are subject to forfeiture in certain circumstances, as defined in the RUP document. The RUP places a five percent (5%) limit on t

mark-to-market adjustments, propane unit margins for fiscal 2025 increased approximately $0.02 per gallon, or 1.0%, compared to the prior year. Combined operating and general and administrative expenses of $590.5 million for fiscal 2025 increased $23.7 million, or 4.2%, compared to the prior year, primarily due to higher payroll and benefit-related expenses, overtime and other variable operating costs to support the increased activities associated with incremental customer demand, as well as higher variable compensation expense associated with the increase in earnings and costs related to modernizing our information technology platform. During fiscal 2025, we utilized excess cash flows from operating activities and net proceeds of $23.5 million under our at-the-market (“ATM”) equity progr