Langhorn Jeremy 4
4 · GLOBAL PARTNERS LP · Filed Aug 5, 2022
Insider Transaction Report
Form 4
Langhorn Jeremy
Chief Human Resources Officer
Transactions
- Sale
Common units representing limited partner interests
2022-05-19$27.67/sh−2,191$60,625→ 0 total - Award
Phantom Units
2022-06-08+7,890→ 7,890 totalExercise: $0.00→ Common units representing limited partner interests (7,890 underlying)
Footnotes (4)
- [F1]The price reported is the price per common unit representing limited partner interests in Global Partners LP ("Common Unit"). Common Units were sold at the price of $27.67 per Common Unit.
- [F2]Each Phantom Unit is the economic equivalent of one Common Unit.
- [F3]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"), or an equivalent amount of cash, on a one-for-one basis.
- [F4]Pursuant to a Grant Agreement dated June 8, 2022, the Reporting Person was granted 7,890 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: One-Third on January 1, 2023, One-Third on January 1, 2024 and One-Third on January 1, 2025.