Gregory B. Hanson - Mar 24, 2025 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Financial Officer
Signature
Amy J. Gould, Attorney-in-Fact for Gregory B. Hanson
Stock symbol
GLP
Transactions as of
Mar 24, 2025
Transactions value $
-$171,492
Form type
4
Date filed
3/25/2025, 06:51 PM
Previous filing
Mar 14, 2025
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 +6.68K +13.27% $0.00 57K Mar 24, 2025 Direct F1, F2
transaction GLP Common units representing limited partner interests Tax liability -$171K -3.23K -5.66% $53.11 53.8K Mar 24, 2025 Direct 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 -6.68K -100% $0.00 0 Mar 24, 2025 Common units representing limited partner interests 6.68K $0.00 Direct F1, F2
* 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 Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 6,680 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on March 24, 2025
F3 Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.