Gregory B. Hanson - 08 Jun 2022 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Reporting relationship: Chief Financial Officer
Issuer ticker: GLP
Reported as of: 08 Jun 2022
Net transaction value: -$19,446
SEC form: 4
Accepted by SEC: 05 Aug 2022, 10:39:58 UTC
Prior SEC filing: 06 Oct 2021
Next SEC filing: 06 Jan 2023
Source filing: View source filing
Reporting owner signature: Amy J. Gould, Attorney-in-Fact for Gregory B. Hanson

Key filing fact

Gregory B. Hanson filed Form 4 for GLOBAL PARTNERS LP (GLP) on 05 Aug 2022.

Key facts

This page summarizes Gregory B. Hanson's Form 4 filing for GLOBAL PARTNERS LP (GLP).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 05 Aug 2022, 10:39.

Change

Previous filing in this sequence was filed on 06 Oct 2021.
Current net transaction value: -$19,446.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GLP transaction

Common units representing limited partner interests

Options Exercise

Transaction value: $0
Shares: +2,388
Change %: +25%
Price: $0.000000
Shares after: 12,023
Date: 04 Aug 2022
Ownership: Direct
Footnotes: F1

GLP transaction

Common units representing limited partner interests

Tax liability

Transaction value: $19,446
Shares: -700
Change %: -5.8%
Price: $27.78
Shares after: 11,323
Date: 04 Aug 2022
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GLP transaction Derivative

Phantom Units

Award

Transaction value: $0
Shares: +13,807
Change %: +578%
Price: $0.000000
Shares after: 16,195
Date: 01 Jan 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 13,807
Exercise price: $0.000000
Footnotes: F1, F4, F5

GLP transaction Derivative

Phantom Units

Options Exercise

Transaction value: $0
Shares: -2,388
Change %: -15%
Price: $0.000000
Shares after: 13,807
Date: 04 Aug 2022
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 2,388
Exercise price: $0.000000
Footnotes: F1, F4, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each phantom unit representing the right to receive one Common Unit upon vesting ("Phantom Unit") converts into a common unit representing a limited partner interest in the Issuer ("Common Unit"), or an equivalent amount of cash, on a one-for-one basis.

Footnote F2

Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.

Footnote F3

The Issuer's closing market price on July 29, 2022 (the last business date immediately prior to vesting).

Footnote F4

Each Phantom Unit is the economic equivalent of one Common Unit.

Footnote F5

Pursuant to a Grant Agreement dated June 8, 2022, the Reporting Person was granted 13,807 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: One-Third on January 1, 2023, One-Third on January 1, 2024 and One-Third on January 1, 2025.

Footnote F6

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 cumulatively vested as follows: 25% on August 1, 2020, 60% on August 20, 2021 and 100% on August 1, 2022.