Sean T. Geary - 24 Mar 2025 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Signature
Amy J. Gould, Attorney-in-Fact for Sean T. Geary
Issuer symbol
GLP
Transactions as of
24 Mar 2025
Net transactions value
-$139,254
Form type
4
Filing time
25 Mar 2025, 18:52:42 UTC
Previous filing
14 Mar 2025
Next filing
06 May 2025

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 +5,423 +13% $0.000000 46,610 24 Mar 2025 Direct F1, F2
transaction GLP Common units representing limited partner interests Tax liability $139,254 -2,622 -5.6% $53.11 43,988 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 -5,423 -100% $0.000000 0 24 Mar 2025 Common units representing limited partner interests 5,423 $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 5,423 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.