Form 4 for GLP GLOBAL PARTNERS LP
Accepted 2023-01-06 00:00:00 ET · period of report 2023-01-04 · accession 0001062993-23-000633 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-01-06 | 2023-01-04 | GLP | Global GP LLC | General Partner | J - Other | $34.66 | -48.3K | 9,791 | -83% | -$1.67M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common units representing limited partner interests | 2023-01-04 | J | D | 61,787 | $34.66 | 0 | D | — | — | (F3) The Reporting Person withheld Common Units from certain grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations. As a result, the Reporting Person held 9,791 Common Units after giving effect to the delivery of 61,787 Common Units to satisfy its obligations under the grant agreements less 13,534 Common Units that were withheld by the Reporting Person for tax purposes prior to such delivery. (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 June 8, 2022 and October 14, 2022. (F2) 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. |
| 2 | Common | Common units representing limited partner interests | 2023-01-04 | J | A | 13,534 | $34.66 | 9,791 | D | — | — | (F2) 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. (F3) The Reporting Person withheld Common Units from certain grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations. As a result, the Reporting Person held 9,791 Common Units after giving effect to the delivery of 61,787 Common Units to satisfy its obligations under the grant agreements less 13,534 Common Units that were withheld by the Reporting Person for tax purposes prior to such delivery. |