Global GP LLC - 28 Feb 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
28 Feb 2024
Net transactions value
-$996,687
Form type
4
Filing time
29 Feb 2024, 16:32:45 UTC
Previous filing
09 Jan 2024
Next filing
15 May 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 $1,595,718 -34,803 -88% $45.85 4,916 28 Feb 2024 Direct F1, F2, F3
transaction GLP Common units representing limited partner interests Other $599,030 +13,065 +266% $45.85 17,981 28 Feb 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.