Eric Slifka - 01 Jan 2025 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
Issuer symbol
GLP
Transactions as of
01 Jan 2025
Net transactions value
-$522,477
Form type
4
Filing time
03 Jan 2025, 16:24:50 UTC
Previous filing
27 Mar 2024
Next filing
07 Jan 2025
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 +23,010 +4.1% $0.000000 578,597 01 Jan 2025 Direct F1, F4
transaction GLP Common units representing limited partner interests Tax liability $522,477 -11,224 -1.9% $46.55 567,373 01 Jan 2025 Direct F2
holding GLP Common units representing limited partner interests 570,408 01 Jan 2025 By family trusts
holding GLP Common units representing limited partner interests 564,984 01 Jan 2025 By Larea Holdings LLC
holding GLP Common units representing limited partner interests 1,831,957 01 Jan 2025 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 Options Exercise $0 -23,010 -100% $0.000000 0 01 Jan 2025 Common units representing limited partner interests 23,010 $0.000000 Direct 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 June 8, 2022, the Reporting Person was granted 69,034 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested as follows: one-third on January 1, 2023, one-third on January 1, 2024 and one-third on January 1, 2025.