Eric Slifka - 01 Jan 2024 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Vice Chairman, President & CEO, Director, 10%+ Owner
Signature
Amy J. Gould, Attorney-in-Fact for Eric Slifka
Issuer symbol
GLP
Transactions as of
01 Jan 2024
Transactions value $
-$329,806
Form type
4
Filing time
03 Jan 2024, 16:43:18
Previous filing
31 Aug 2023
Next filing
09 Jan 2024
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 $0 +23K +2.65% $0.00 893K 01 Jan 2024 Direct F1, F4
transaction GLP Common units representing limited partner interests Tax liability -$330K -7.8K -0.87% $42.31 885K 01 Jan 2024 Direct F2
holding GLP Common units representing limited partner interests 220K 01 Jan 2024 By family trusts
holding GLP Common units representing limited partner interests 565K 01 Jan 2024 By Larea Holdings LLC
holding GLP Common units representing limited partner interests 1.83M 01 Jan 2024 By Alfred A. Slifka 1990 Trust Under Article II-A

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 -23K -50% $0.00 23K 01 Jan 2024 Common units representing limited partner interests 23K $0.00 Direct F3, F4
* 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 Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
F3 Each Phantom Unit is the economic equivalent of one Common Unit.
F4 Pursuant to a Grant Agreement dated June 8, 2022, the Reporting Person was granted 69,034 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 1, 2023, one-third on January 1, 2024 and one-third on January 1, 2025.