Global GP LLC - Aug 2, 2022 Form 4/A - Amendment Insider Report for GLOBAL PARTNERS LP (GLP)

Signature
Amy J. Gould, Attorney-in-Fact for Global GP LLC
Stock symbol
GLP
Transactions as of
Aug 2, 2022
Transactions value $
-$2,563,372
Form type
4/A - Amendment
Date filed
9/16/2022, 04:20 PM
Date Of Original Report
Aug 5, 2022
Previous filing
Jun 24, 2022
Next filing
Nov 18, 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 -$4.12M -148K -100% $27.78 0 Aug 2, 2022 Direct F1, F2, F3, F4, F5
transaction GLP Common units representing limited partner interests Other $1.55M +55.9K $27.78 47.4K Aug 2, 2022 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 5, 2022, the Reporting Person filed a Form 4 in connection with the delivery of common units representing limited partner interests in the Issuer ("Common Units") to award holders under the Global Partners LP Long-Term Incentive Plan ("LTIP") that, due to a scrivener's error, incorrectly reported the number of Common Units involved in the applicable transactions. As reported in this amendment, the Reporting Person held 47,360 Common Units after giving effect to the delivery of 148,173 Common Units to award holders less 55,899 Common Units that were withheld by the Issuer for tax purposes prior to such delivery.
F2 The Reporting Person is delivering Common Units, less the number indicated in the subsequent row that were withheld for tax purposes under the Global Partners LP Long-Term Incentive Plan ("LTIP") to satisfy its obligations pursuant to grant agreements dated August 16, 2017.
F3 The Issuer's closing market price on July 29, 2022 (the last business date immediately prior to vesting).
F4 The Reporting Person withheld Common Units from award holders under the LTIP who elected a cashless exercise to satisfy their respective tax withholding obligations.
F5 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.