4/A: Global Partners LP: Officer Sean T. Geary Amends Form 4 to Include Phantom Units
SEC Form 4/A
Sean T. Geary, Chief Legal Officer & Secretary of Global Partners LP, amends his previous Form 4 filing to include the grant of 8,896 phantom units.
Summary
- Sean T. Geary, Chief Legal Officer & Secretary of Global Partners LP, filed an amended Form 4 with the SEC.
- The amendment, dated March 14, 2025, corrects a previous filing from February 28, 2025.
- The amendment includes the grant of 8,896 phantom units, which were omitted from the original filing.
- These phantom units, granted on February 26, 2025, represent the right to receive common units of Global Partners LP upon vesting.
- 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 7, 2028.
- After the reported transaction, Geary directly owns 41,187.4894 common units representing limited partner interests and 8,896 phantom units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, and therefore has a neutral sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership in a publicly traded company. It reflects standard practices for aligning management incentives with shareholder value through equity-based compensation.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of earliest transaction and grant of phantom units. |
| 02/28/2025 | Date of original Form 4 filing. |
| 03/14/2025 | Date of amended Form 4/A filing. |
| 01/06/2026 | First vesting date for one-third of the phantom units. |
| 01/06/2027 | Second vesting date for one-third of the phantom units. |
| 01/07/2028 | Third vesting date for one-third of the phantom units. |
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.