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

Role
General Partner
Signature
Amy J. Gould, Attorney-in-Fact for Global GP LLC
Issuer symbol
GLP
Transactions as of
19 Nov 2021
Net transactions value
-$567,863
Form type
4
Filing time
23 Nov 2021, 14:28:26 UTC
Previous filing
05 Aug 2021
Next filing
06 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Other $1,020,389 -38,060 -59% $26.81 26,046 19 Nov 2021 Direct F1, F2, F3
transaction GLP Common units representing limited partner interests Other $452,526 +16,879 +65% $26.81 42,925 19 Nov 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.