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  4. [Form 3] GLOBAL PARTNERS LP Initial Statement of Beneficial Ownership

Global Partners LP (NYSE: GLP) officer holds 10,178 phantom units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Global Partners LP filed an initial insider ownership report for its Chief Legal Officer and Secretary, Kristin K. Seabrook, as of the event date in early 2026. The filing shows she directly holds no Common Units representing limited partner interests. Instead, she has a grant of 10,178 Phantom Units, each representing the right to receive one Common Unit upon vesting at no cash exercise price.

These Phantom Units were granted under an agreement dated April 14, 2025 and vest in three equal installments: one-third on April 14, 2026, one-third on April 14, 2027, and one-third on April 14, 2028. As the units vest, they convert on a one-for-one basis into Common Units of Global Partners LP.

Positive

  • None.

Negative

  • None.
Insider Seabrook Kristin K.
Role Chief Legal Officer & Secy.
Type Security Shares Price Value
holding Phantom Units -- -- --
holding Common Units representing limited partner interests -- -- --
Holdings After Transaction: Phantom Units — 10,178 shares (Direct); Common Units representing limited partner interests — 0 shares (Direct)
Footnotes (1)
  1. Each phantom unit representing the right to receive one Common Unit upon vesting ("Phantom Unit") converts into a common unit representing a limited partner interest in the Issuer ("Common Unit") on a one-for-one basis. Pursuant to a Grant Agreement dated April 14, 2025, the Reporting Person was granted 10,178 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units granted will vest as follows: One-third on April 14, 2026, one-third on April 14, 2027, and one-third on April 14, 2028. Each Phantom Unit converts into a Common Unit on a one-for-one basis.

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FAQ

What does this GLP Form 3 filing disclose about insider ownership?
The filing shows that Global Partners LP’s Chief Legal Officer and Secretary, Kristin K. Seabrook, directly owns 0 Common Units but has been granted 10,178 Phantom Units that may convert into Common Units over time.

How many phantom units were granted to the GLP executive in this filing?
The reporting person was granted 10,178 Phantom Units, each representing the right to receive one Common Unit of Global Partners LP upon vesting.

What is the vesting schedule for the 10,178 GLP phantom units?
According to the grant agreement dated April 14, 2025, the 10,178 Phantom Units vest in three equal installments: one-third on April 14, 2026, one-third on April 14, 2027, and one-third on April 14, 2028.

What are phantom units in the context of Global Partners LP (GLP)?
Phantom Units are awards that represent the right to receive one Common Unit of Global Partners LP upon vesting. In this filing, each Phantom Unit converts into one Common Unit on a one-for-one basis with a stated exercise price of $0.

Does the GLP executive need to pay to receive Common Units from these phantom units?
No. The filing states an exercise price of $0 for the Phantom Units, meaning each vested Phantom Unit converts into one Common Unit without additional cash payment.

Is this GLP Form 3 filed by one or multiple reporting persons?
This Form 3 is indicated as being filed by one reporting person, covering the holdings of Kristin K. Seabrook only.
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Seabrook Kristin K.
(Last) (First) (Middle)
C/O GLOBAL PARTNERS LP
800 SOUTH STREET, SUITE 500
(Street)
WALTHAM MA 02453
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026 		3. Issuer Name and Ticker or Trading Symbol
GLOBAL PARTNERS LP [ GLP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer & Secy.
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Units representing limited partner interests 0 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Units(1) (2) (2) Common Units representing limited partner interests 10,178 $0(3) D
Explanation of Responses:
1. Each phantom unit representing the right to receive one Common Unit upon vesting ("Phantom Unit") converts into a common unit representing a limited partner interest in the Issuer ("Common Unit") on a one-for-one basis.
2. Pursuant to a Grant Agreement dated April 14, 2025, the Reporting Person was granted 10,178 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units granted will vest as follows: One-third on April 14, 2026, one-third on April 14, 2027, and one-third on April 14, 2028.
3. Each Phantom Unit converts into a Common Unit on a one-for-one basis.
Remarks:
Exhibit Index: 24.1 Power of Attorney
Erin Powers Brennan, Attorney-in-Fact for Kristin K. Seabrook 01/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR