Mark Romaine - 21 Mar 2025 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role: Chief Operating Officer
Signature: Amy J. Gould, Attorney-in-Fact for Mark Romaine
Issuer symbol: GLP
Transactions as of: 21 Mar 2025
Net transactions value: -$1,080,909
Form type: 4
Filing time: 25 Mar 2025, 18:53:11 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	Sale	$118,662	-2,195	-1.4%	$54.06	156,198	21 Mar 2025	Direct	F1
transaction	GLP	Common units representing limited partner interests	Sale	$594	-11	-0.01%	$54.00	156,187	24 Mar 2025	Direct
transaction	GLP	Common units representing limited partner interests	Options Exercise	$0	+11,161	+7.1%	$0.000000	167,348	24 Mar 2025	Direct	F2, F3
transaction	GLP	Common units representing limited partner interests	Tax liability	$286,582	-5,396	-3.2%	$53.11	161,952	24 Mar 2025	Direct	F4
transaction	GLP	Common units representing limited partner interests	Sale	$675,072	-12,800	-7.9%	$52.74	149,152	25 Mar 2025	Direct	F5

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	-11,161	-100%	$0.000000	0	24 Mar 2025	Common units representing limited partner interests	11,161	$0.000000	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common units representing limited partner interests in the Issuer ("Common Units") were sold at a weighted average price. These common units were sold in multiple transactions at prices ranging from $54.00 to $54.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units sold at each separate price within the range set forth in this footnote (1) to this Form 4.
F2	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.
F3	Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 11,161 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on March 24, 2025.
F4	Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
F5	Common units representing limited partner interests in the Issuer ("Common Units") were sold at a weighted average price. These common units were sold in multiple transactions at prices ranging from $52.34 to $53.53, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units sold at each separate price within the range set forth in this footnote (6) to this Form 4.