Form 4: Global Partners LP: CFO Gregory B. Hanson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Financial Officer Gregory B. Hanson reports changes in beneficial ownership of Global Partners LP common units and phantom units due to vesting and tax withholding.
Summary
- On February 28, 2024, Gregory B. Hanson, CFO of Global Partners LP, reported changes in his beneficial ownership of the company's securities.
- These changes involve common units representing limited partner interests and phantom units.
- 4,626 phantom units vested on February 23, 2024, converting into common units.
- 1,357 common units were withheld to satisfy tax obligations at a price of $45.85 per unit.
- Following these transactions, Hanson directly owns 24,511 common units.
Sentiment
Score: 5
Explanation: This is a neutral report on changes in beneficial ownership, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The changes in ownership may be of interest to shareholders, providing insight into executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of Grant Agreement for 4,626 Phantom Units |
| 02/23/2024 | Phantom Units vested 100% |
| 02/28/2024 | Date of transaction for common units and phantom units |
| 02/29/2024 | Date of signature for the report |
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