Eric Slifka - Mar 25, 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Vice Chairman, President & CEO, Director, 10%+ Owner
Signature
Amy J. Gould, Attorney-in-Fact for Eric Slifka
Stock symbol
GLP
Transactions as of
Mar 25, 2024
Transactions value $
$0
Form type
4
Date filed
3/27/2024, 07:51 PM
Previous filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLP Common units representing limited partner interests 556K Mar 25, 2024 Direct
holding GLP Common units representing limited partner interests 570K Mar 25, 2024 By family trusts
holding GLP Common units representing limited partner interests 565K Mar 25, 2024 By Larea Holdings LLC
holding GLP Common units representing limited partner interests 1.83M Mar 25, 2024 By Alfred A. Slifka 1990 Trust Under Article II-A

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 Award $0 +57.9K +49.72% $0.00 174K Mar 25, 2024 Common units representing limited partner interests 57.9K $0.00 Direct F1, F2
transaction GLP Phantom Units Award $0 +24.8K +14.23% $0.00 199K Mar 25, 2024 Common units representing limited partner interests 24.8K $0.00 Direct F1, F3
* 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 Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 57,870 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units granted will vest as follows: One-Third on January 6, 2025, One-Third on January 5, 2026 and One-Third on January 5, 2027.
F3 Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 24,802 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, 100% of the Phantom Units granted will vest on March 24, 2025.