Matthew Spencer - Mar 3, 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
Mar 3, 2023
Transactions value $
$0
Form type
4
Date filed
8/31/2023, 04:41 PM
Previous filing
Feb 27, 2023
Next filing
Jan 3, 2024

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 Mar 3, 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 +7.87K +85.71% $0.00 17K Mar 3, 2023 Common units representing limited partner interests 7.87K $0.00 Direct F1, F2
transaction GLP Phantom Units Award $0 +5.05K +29.6% $0.00 22.1K May 3, 2023 Common Units representing limited partner interests 5.05K $0.00 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.