Sean T. Geary - Jan 5, 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Legal Officer & Sec.
Signature
Amy J. Gould, Attorney-in-Fact for Sean T. Geary
Stock symbol
GLP
Transactions as of
Jan 5, 2024
Transactions value $
-$46,494
Form type
4
Date filed
1/9/2024, 04:33 PM
Previous filing
Jan 3, 2024
Next filing
Feb 29, 2024

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 $0 +3.93K +23.05% $0.00 21K Jan 5, 2024 Direct F1, F4
transaction GLP Common units representing limited partner interests Tax liability -$46.5K -1.11K -5.27% $42.00 19.9K Jan 5, 2024 Direct F2

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 Options Exercise $0 -3.93K -33.33% $0.00 7.87K Jan 5, 2024 Common units representing limited partner interests 3.93K $0.00 Direct F1, F3, F4
* 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 Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
F3 Each Phantom Unit is the economic equivalent of one Common Unit.
F4 Pursuant to a Grant Agreement dated March 3, 2023, the Reporting Person was granted 11,802 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 5, 2024, one-third on January 5, 2025 and one-third on January 5, 2026.