Matthew Spencer - 03 Mar 2023 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Accounting Officer
Signature
Amy J. Gould, Attorney-in-Fact for Matthew Spencer
Issuer symbol
GLP
Transactions as of
03 Mar 2023
Net transactions value
$0
Form type
4
Filing time
31 Aug 2023, 16:41:22 UTC
Previous filing
27 Feb 2023
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLP Common units representing limited partner interests 16,453 03 Mar 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 +7,868 +86% $0.000000 17,048 03 Mar 2023 Common units representing limited partner interests 7,868 $0.000000 Direct F1, F2
transaction GLP Phantom Units Award $0 +5,047 +30% $0.000000 22,095 03 May 2023 Common Units representing limited partner interests 5,047 $0.000000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Matthew Spencer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each phantom unit ("Phantom Unit") represents the right to receive one common unit representing a limited partner interest in the Issuer ("Common Unit") upon vesting.
F2 Pursuant to a Grant Agreement dated March 3, 2023, the Reporting Person was granted 7,868 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units granted will vest as follows: One-Third on January 5, 2024, One-Third on January 5, 2025 and One-Third on January 5, 2026.
F3 Pursuant to a Grant Agreement dated May 3, 2023, the Reporting Person was granted 5,047 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, 100% of the Phantom Units granted will vest on May 3, 2025.