Robert J. McCool - 05 Jan 2024 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: 05 Jan 2024
Net transactions value: +$156,618
Form type: 4
Filing time: 09 Jan 2024, 16:37:07 UTC
Previous 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	$156,618	+3,729	+9%	$42.00	45,018	05 Jan 2024	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	Options Exercise	$0	-3,729	-100%	$0.000000^*	0	05 Jan 2024	Common units representing limited partner interests	3,729	$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 August 22, 2023, the Reporting Person was granted 3,729 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on January 5, 2024.