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

Role
Chief Accounting Officer
Signature
Amy J. Gould, Attorney-in-Fact for Matthew Spencer
Stock symbol
GLP
Transactions as of
Mar 25, 2024
Transactions value $
$0
Form type
4
Date filed
3/27/2024, 07:52 PM
Previous filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLP Common units representing limited partner interests 22.6K Mar 25, 2024 Direct

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 +6.61K +49.91% $0.00 19.9K Mar 25, 2024 Common units representing limited partner interests 6.61K $0.00 Direct F1, F2
transaction GLP Phantom Units Award $0 +4.03K +20.31% $0.00 23.9K Mar 25, 2024 Common Units representing limited partner interests 4.03K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Matthew Spencer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 6,614 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 4,034 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.