Matthew Spencer - 28 Feb 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Accounting Officer
Signature
Amy J. Gould, Attorney-in-Fact for Matthew Spencer
Issuer symbol
GLP
Transactions as of
28 Feb 2024
Net transactions value
-$43,878
Form type
4
Filing time
29 Feb 2024, 16:33:02 UTC
Previous filing
09 Jan 2024
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 $0 +3,263 +16% $0.000000 23,508 28 Feb 2024 Direct F1, F4
transaction GLP Common units representing limited partner interests Tax liability $43,878 -957 -4.1% $45.85 22,551 28 Feb 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 -3,263 -100% $0.000000* 0 28 Feb 2024 Common units representing limited partner interests 3,263 $0.000000 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 February 23, 2023, the Reporting Person was granted 3,263 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on February 23, 2024.