Global GP LLC - 26 Feb 2025 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Signature
Amy J. Gould, Attorney-in-Fact for Global GP LLC
Issuer symbol
GLP
Transactions as of
26 Feb 2025
Net transactions value
-$7,825,668
Form type
4
Filing time
28 Feb 2025, 16:40:05 UTC
Previous filing
07 Jan 2025
Next filing
04 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Other $15,030,314 -258,386 -100% $58.17 0 26 Feb 2025 Direct F1, F2
transaction GLP Common units representing limited partner interests Other $7,204,645 +123,855 $58.17 107,838 26 Feb 2025 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is delivering common units representing limited partner interests in the Issuer ("Common Units") under the Global Partners LP Long-Term Incentive Plan ("LTIP") to satisfy its obligations pursuant to grant agreements dated June 8, 2022.
F2 The Issuer's closing price on February 26, 2025 (the last business day immediately prior to certification)
F3 The Reporting Person disclaims any pecuniary interest in the Common Units and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the Common Units for purposes of Section 16.
F4 The Reporting Person withheld Common Units from certain grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations. As a result, the Reporting Person held 107,838 Common Units after giving effect to the delivery of 258,386 Common Units to satisfy its obligations under the grant agreements less 123,855 Common Units that were withheld by the Reporting Person for tax purposes prior to such delivery.