Eric Slifka - 05 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
05 Jan 2025
Net transactions value
-$923,879
Form type
4
Filing time
07 Jan 2025, 18:18:27 UTC
Previous filing
03 Jan 2025
Next filing
14 Mar 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 +21,459 +3.8% $0.000000 588,832 05 Jan 2025 Direct F1, F2
transaction GLP Common units representing limited partner interests Tax liability $486,722 -10,301 -1.7% $47.25 578,531 05 Jan 2025 Direct F3
transaction GLP Common units representing limited partner interests Options Exercise $0 +19,290 +3.3% $0.000000 597,821 06 Jan 2025 Direct F1, F4
transaction GLP Common units representing limited partner interests Tax liability $437,157 -9,252 -1.5% $47.25 588,569 06 Jan 2025 Direct F3
holding GLP Common units representing limited partner interests 570,408 05 Jan 2025 By family trusts
holding GLP Common units representing limited partner interests 564,984 05 Jan 2025 By Larea Holdings LLC
holding GLP Common units representing limited partner interests 1,831,957 05 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 -21,459 -50% $0.000000 21,459 05 Jan 2025 Common units representing limited partner interests 21,459 $0.000000 Direct F2, F5
transaction GLP Phantom Units Options Exercise $0 -19,290 -33% $0.000000 38,580 06 Jan 2025 Common units representing limited partner interests 19,290 $0.000000 Direct F4, F5
* 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 3, 2023, the Reporting Person was granted 64,377 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 5, 2024, one-third on January 5, 2025 and one-third on January 5, 2026.
F3 Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
F4 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 cumulatively vested or will vest as follows: one-third on January 6, 2025, one-third on January 5, 2026 and one-third on January 5, 2027.
F5 Each Phantom Unit is the economic equivalent of one Common Unit.