Matthew Spencer - Feb 23, 2023 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Accounting Officer
Signature
Amy J. Gould, Attorney-in-Fact for Matthew Spencer
Stock symbol
GLP
Transactions as of
Feb 23, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 03:43 PM
Previous filing
Jan 6, 2023
Next filing
Aug 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLP Common units representing limited partner interests 16.5K Feb 23, 2023 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
transaction GLP Phantom Units Award $0 +3.26K +55.15% $0.00 9.18K Feb 23, 2023 Common units representing limited partner interests 3.26K $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 Each Phantom Unit converts into a Common Unit on a one-for-one basis.
F3 Pursuant to a Grant Agreement dated February 23, 2023, the Reporting Person was granted 3,263 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units will cliff vest as follows: 100% on February 23, 2024.