Global GP LLC - Nov 19, 2021 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
General Partner
Signature
Amy J. Gould, Attorney-in-Fact for Global GP LLC
Stock symbol
GLP
Transactions as of
Nov 19, 2021
Transactions value $
-$567,863
Form type
4
Date filed
11/23/2021, 02:28 PM
Previous filing
Aug 5, 2021
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Other -$1.02M -38.1K -59.37% $26.81 26K Nov 19, 2021 Direct F1, F2, F3
transaction GLP Common units representing limited partner interests Other $453K +16.9K +64.8% $26.81 42.9K Nov 19, 2021 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is delivering common units representing limited partner interests in the Issuer ("Common Units") under the Global Partners LP Long-Term Incentive Plan ("LTIP") to satisfy its obligations of outstanding equity awards.
F2 The Issuer's closing market price on July 30, 2021 (the business date immediately prior to vesting); transfer delayed to accommodate probate matters.
F3 The Reporting Person disclaims any pecuniary interest in the Common Units and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the Common Units for purposes of Section 16.
F4 The Reporting Person withheld Common Units from the estate of the grant award recipient, which elected a cashless exercise to satisfy the tax obligation on the award.