Mark Romaine - 28 Feb 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role: Chief Operating Officer
Signature: Amy J. Gould, Attorney-in-Fact for Mark Romaine
Issuer symbol: GLP
Transactions as of: 28 Feb 2024
Net transactions value: -$143,419
Form type: 4
Filing time: 29 Feb 2024, 16:34:08 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	+8,338	+7.7%	$0.000000	117,267	28 Feb 2024	Direct	F1, F4
transaction	GLP	Common units representing limited partner interests	Tax liability	$143,419	-3,128	-2.7%	$45.85	114,139	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	-8,338	-100%	$0.000000^*	0	28 Feb 2024	Common units representing limited partner interests	8,338	$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 8,338 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on February 23, 2024.