Matthew Spencer - 24 Mar 2025 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Accounting Officer
Signature
Amy J. Gould, Attorney-in-Fact for Matthew Spencer
Issuer symbol
GLP
Transactions as of
24 Mar 2025
Net transactions value
-$103,564
Form type
4
Filing time
25 Mar 2025, 18:52:12 UTC
Previous filing
14 Mar 2025
Next filing
06 May 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 +4,034 +11% $0.000000 42,179 24 Mar 2025 Direct F1, F2
transaction GLP Common units representing limited partner interests Tax liability $103,564 -1,950 -4.6% $53.11 40,229 24 Mar 2025 Direct F3

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 -4,034 -100% $0.000000 0 24 Mar 2025 Common units representing limited partner interests 4,034 $0.000000 Direct F1, F2
* 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 4,034 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on March 24, 2025
F3 Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.