Global GP LLC - Feb 28, 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
General Partner
Signature
Amy J. Gould, Attorney-in-Fact for Global GP LLC
Stock symbol
GLP
Transactions as of
Feb 28, 2024
Transactions value $
-$996,687
Form type
4
Date filed
2/29/2024, 04:32 PM
Previous filing
Jan 9, 2024
Next filing
May 15, 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 -$1.6M -34.8K -87.62% $45.85 4.92K Feb 28, 2024 Direct F1, F2, F3
transaction GLP Common units representing limited partner interests Other $599K +13.1K +265.76% $45.85 18K Feb 28, 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 February 23, 2023.
F2 The Issuer's closing market price on February 22, 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.