Form 4: Global Partners LP Executive Sean T. Geary Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sean T. Geary, Chief Legal Officer & Secretary of Global Partners LP, reports the vesting of phantom units and subsequent tax withholding.
Summary
- On March 24, 2025, Sean T. Geary, Chief Legal Officer & Secretary of Global Partners LP, reported changes in beneficial ownership.
- 5,423 phantom units vested, converting into common units on a one-for-one basis.
- 2,622 common units were withheld to satisfy tax obligations at a price of $53.11 per unit.
- Following these transactions, Geary directly owns 43,988.4894 common units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions, 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. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The filing ensures transparency and compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| March 25 2024 | Date of Grant Agreement for 5,423 Phantom Units |
| 03/24/2025 | Date of transaction: Vesting of phantom units and tax withholding |
| 03/25/2025 | Date of signature for the Form 4 filing |
Keywords
beneficial ownership, Global Partners LP, phantom units, common units, Form 4, insider trading, Sean T. Geary, tax withholding
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.