Global GP LLC - 05 Jan 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Signature
Amy J. Gould, Attorney-in-Fact for Global GP LLC
Issuer symbol
GLP
Transactions as of
05 Jan 2024
Net transactions value
-$1,902,810
Form type
4
Filing time
09 Jan 2024, 17:50:28 UTC
Previous filing
03 Jan 2024
Next filing
29 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Other $2,492,406 -59,343 -70% $42.00 25,681 05 Jan 2024 Direct F1, F2, F3
transaction GLP Common units representing limited partner interests Other $589,596 +14,038 +55% $42.00 39,719 05 Jan 2024 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is delivering common units representing limited partner interests in the Issuer ("Common Units") under the Global Partners LP Long-Term Incentive Plan ("LTIP") to satisfy its obligations pursuant to grant agreements dated March 3, 2023 and August 22, 2023.
F2 The Issuer's closing market price on January 4, 2024 (the last business date immediately prior to vesting).
F3 The Reporting Person disclaims any pecuniary interest in the Common Units and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the Common Units for purposes of Section 16.
F4 The Reporting Person withheld Common Units from the grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations.