Robert J. McCool - Oct 14, 2022 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Director
Signature
Amy J. Gould, Attorney-in-Fact for Robert J. McCool
Stock symbol
GLP
Transactions as of
Oct 14, 2022
Transactions value $
$162,209
Form type
4
Date filed
1/6/2023, 04:30 PM
Previous filing
May 14, 2021
Next filing
Aug 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Options Exercise $162K +4.68K +12.78% $34.66 41.3K Jan 4, 2023 Direct F1, F3

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
transaction GLP Phantom Units Award $0 +4.68K $0.00 4.68K Oct 14, 2022 Common units representing limited partner interests 4.68K $0.00 Direct F1, F2, F3
transaction GLP Phantom Units Options Exercise $0 -4.68K -100% $0.00* 0 Jan 4, 2023 Common Units representing limited partner interests 4.68K $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") converts into a common unit representing a limited partner interest in the Issuer ("Common Unit") on a one-for-one basis.
F2 Each Phantom Unit is the economic equivalent of one Common Unit.
F3 Pursuant to a Grant Agreement dated October 14, 2022, the Reporting Person was granted 4,680 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on January 1, 2023.