Form 4: Global Partners LP Executive Gregory B. Hanson Reports Transaction in Common Units
SEC Form 4 Filing
Gregory B. Hanson, Chief Financial Officer of Global Partners LP, reports the vesting of phantom units and subsequent withholding of common units to cover tax obligations.
Summary
- On March 24, 2025, Gregory B. Hanson, the Chief Financial Officer of Global Partners LP, had 6,680 phantom units vest, each convertible to one common unit.
- Simultaneously, 3,229 common units were withheld at a price of $53.11 to satisfy tax obligations.
- Following these transactions, Hanson directly owns 53,792 common units.
- The vesting of the phantom units was pursuant to a grant agreement dated March 25, 2024.
Sentiment
Score: 7
Explanation: Routine transaction; no significant positive or negative implications.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| March 25, 2024 | Date of the Grant Agreement for the phantom units. |
| March 24, 2025 | Date of the transaction: vesting of phantom units and tax withholding. |
| March 25, 2025 | Date of the form filing. |
Keywords
Form 4, Global Partners LP, GLP, Gregory B. Hanson, CFO, Phantom Units, Common Units, Vesting, Tax Withholding, Beneficial Ownership
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