Form 4: Global Partners LP Director John T. Hailer Reports Vesting of Phantom Units
SEC Form 4 Filing
Director John T. Hailer reports the vesting of 2,756 phantom units, convertible to common units, in Global Partners LP.
Summary
- On January 6, 2025, John T. Hailer, a director of Global Partners LP, had 2,756 phantom units vest.
- These phantom units, granted on March 25, 2024, convert into common units representing limited partner interests on a one-for-one basis.
- Following the vesting, Mr. Hailer disposed of these 2,756 phantom units.
- Mr. Hailer directly owns 11,165 common units representing limited partner interests.
Sentiment
Score: 5
Explanation: This is a routine filing related to previously granted compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of phantom units has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| March 25, 2024 | Grant date of 2,756 Phantom Units to John T. Hailer. |
| January 6, 2025 | Vesting date of 2,756 Phantom Units. |
| January 7, 2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.