Global GP LLC - Jan 4, 2023 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
Jan 4, 2023
Transactions value $
-$1,672,449
Form type
4
Date filed
1/6/2023, 04:02 PM
Previous filing
Nov 25, 2022
Next filing
Sep 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Other -$2.14M -61.8K -100% $34.66 0 Jan 4, 2023 Direct F1, F2, F3
transaction GLP Common units representing limited partner interests Other $469K +13.5K $34.66 9.79K Jan 4, 2023 Direct F2, F3
* 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 pursuant to grant agreements dated June 8, 2022 and October 14, 2022.
F2 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.
F3 The Reporting Person withheld Common Units from certain grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations. As a result, the Reporting Person held 9,791 Common Units after giving effect to the delivery of 61,787 Common Units to satisfy its obligations under the grant agreements less 13,534 Common Units that were withheld by the Reporting Person for tax purposes prior to such delivery.