Robert J. McCool - 14 Oct 2022 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role: Director
Signature: Amy J. Gould, Attorney-in-Fact for Robert J. McCool
Issuer symbol: GLP
Transactions as of: 14 Oct 2022
Net transactions value: +$162,209
Form type: 4
Filing time: 06 Jan 2023, 16:30:40 UTC
Previous filing: 14 May 2021
Next filing: 24 Aug 2023
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	$162,209	+4,680	+13%	$34.66	41,289	04 Jan 2023	Direct	F1, 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	Award	$0	+4,680		$0.000000	4,680	14 Oct 2022	Common units representing limited partner interests	4,680	$0.000000	Direct	F1, F2, F3
transaction	GLP	Phantom Units	Options Exercise	$0	-4,680	-100%	$0.000000^*	0	04 Jan 2023	Common Units representing limited partner interests	4,680	$0.000000	Direct	F1, F2, F3

* 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	Each Phantom Unit is the economic equivalent of one Common Unit.
F3	Pursuant to a Grant Agreement dated October 14, 2022, the Reporting Person was granted 4,680 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on January 1, 2023.