Jaime Pereira - 05 Jan 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role: Director
Signature: Amy J. Gould, Attorney-in-Fact for Jaime Pereira
Issuer symbol: GLP
Transactions as of: 05 Jan 2024
Net transactions value: +$156,618
Form type: 4
Filing time: 09 Jan 2024, 16:36:34 UTC
Previous filing: 24 Aug 2023
Next filing: 27 Mar 2024
SEC: View on sec.gov

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	$156,618	+3,729	+72%	$42.00	8,909	05 Jan 2024	Direct	F1, F3
holding	GLP	Common units representing limited partner interests						2,000	05 Jan 2024	By the Cynthia A. Pereira Revocable Trust dated April 30, 2014.

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	-3,729	-100%	$0.000000^*	0	05 Jan 2024	Common units representing limited partner interests	3,729	$0.000000	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 ("Phantom Unit") represents the right to receive one Common Unit upon vesting.
F3	Pursuant to a Grant Agreement dated August 22, 2023, the Reporting Person was granted 3,729 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on January 5, 2024.