Global GP LLC - 03 Aug 2021 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
General Partner
Signature
By: /s/ Amy J. Gould, Attorney-in-Fact for Global GP LLC
Issuer symbol
GLP
Transactions as of
03 Aug 2021
Net transactions value
-$2,766,443
Form type
4
Filing time
05 Aug 2021, 19:10:00 UTC
Previous filing
21 Jun 2021
Next filing
23 Nov 2021
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 Other $4,486,600 -167,348 -100% $26.81 0 03 Aug 2021 Direct F1, F2, F3, F4
transaction GLP Common units representing limited partner interests Other $1,720,156 +64,161 $26.81 64,106 03 Aug 2021 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 August 16, 2017.
F2 The Issuer's closing market price on July 30, 2021 (the date immediately prior to vesting).
F3 On August 1, 2021, 167,348 Common Units vested under the LTIP. Prior to the Reporting Person's delivery of such vested Common Units, 64,161 Common Units were withheld at the request of those LTIP award recipients who had elected a cashless exercise to satisfy their respective tax obligations, leaving the Reporting Person with 64,106 beneficially owned Common Units.
F4 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.