Global GP LLC - Jan 5, 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
General Partner
Signature
Amy J. Gould, Attorney-in-Fact for Global GP LLC
Stock symbol
GLP
Transactions as of
Jan 5, 2024
Transactions value $
-$1,902,810
Form type
4
Date filed
1/9/2024, 05:50 PM
Previous filing
Jan 3, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Other -$2.49M -59.3K -69.8% $42.00 25.7K Jan 5, 2024 Direct F1, F2, F3
transaction GLP Common units representing limited partner interests Other $590K +14K +54.66% $42.00 39.7K Jan 5, 2024 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 March 3, 2023 and August 22, 2023.
F2 The Issuer's closing market price on January 4, 2024 (the last business date immediately prior to vesting).
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 the grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations.