Sean T. Geary - Mar 1, 2022 Form 3 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Legal Officer & Sec.
Signature
Amy J. Gould, Attorney-in-Fact for Sean T. Geary
Stock symbol
GLP
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
3
Date filed
3/10/2022, 01:11 PM
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLP Common units representing limited partner interests 11.1K Mar 1, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GLP Phantom Units Mar 1, 2022 Common units representing limited partner interests 2.39K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit representing the right to receive one common unit upon vesting ("Phantom Unit") is the economic equivalent of one common unit representing a limited partner interest in the Issuer ("Common Unit") upon vesting.
F2 Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 5,971 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 25% on August 1, 2020, 35% on August 1, 2021 (such that a total of 60% of the Phantom Units will have vested as of such date) and 40% on August 1, 2022 (such that a total of 100% of the Phantom Units will have vested as of such date).
F3 Each Phantom Unit converts into a Common Unit on a one-for-one basis.