4/A: Global Partners LP: Officer Matthew Spencer Amends Form 4 to Include Phantom Units
SEC Filing
Matthew Spencer, Chief Accounting Officer of Global Partners LP, amends his Form 4 filing to include the grant of 5,157 phantom units.
Summary
- Matthew Spencer, Chief Accounting Officer of Global Partners LP, filed an amended Form 4 to report changes in beneficial ownership.
- The amendment, dated March 14, 2025, updates the original filing from February 28, 2025.
- The filing includes the grant of 5,157 phantom units, each representing the right to receive one common unit upon vesting.
- These phantom units were granted pursuant to a Grant Agreement dated February 26, 2025.
- The phantom units vest in three equal installments: one-third on January 6, 2026, one-third on January 6, 2027, and one-third on January 6, 2028.
- After the reported transaction, Spencer directly owns 38,145 common units representing limited partner interests.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and equity ownership.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of Grant Agreement for 5,157 Phantom Units |
| 02/28/2025 | Date of Original Form 4 Filing |
| 03/14/2025 | Date of Amended Form 4 Filing |
| 01/06/2026 | First Vesting Date (One-Third of Phantom Units) |
| 01/06/2027 | Second Vesting Date (One-Third of Phantom Units) |
| 01/06/2028 | Third Vesting Date (One-Third of Phantom Units) |
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