Global Partners (NYSE: GLP) CEO shows phantom units converting to common units

Rhea-AI Filing Summary

Global Partners LP’s Chairman, President and CEO Eric Slifka reported the vesting and settlement of phantom units into common units on January 5 and 6, 2026. On those dates, 21,459, 19,290 and 15,042 phantom units converted into an equal number of common units at an exercise price of $0 per unit, reflecting equity awards tied to prior grant agreements.

To cover tax withholding obligations, the company withheld 7,945, 9,326 and 7,272 common units at prices of $42.26 and $42.97 per unit. After these transactions, Slifka directly held 31,248 common units and also had indirect beneficial ownership of additional common units through family trusts, Larea Holdings LLC, and the Alfred A. Slifka 1990 Trust.

Insider Trade Summary

55,791 shares exercised/converted

Mixed 12 txns

Insider Slifka Eric

Role Chairman, President & CEO

Type	Security	Shares	Price	Value
Exercise	Phantom Units	15,042	$0.00	--
Exercise	Common units representing limited partner interests	15,042	$0.00	--
Tax Withholding	Common units representing limited partner interests	7,272	$42.97	$312K
Exercise	Phantom Units	21,459	$0.00	--
Exercise	Phantom Units	19,290	$0.00	--
Exercise	Common units representing limited partner interests	21,459	$0.00	--
Tax Withholding	Common units representing limited partner interests	7,945	$42.26	$336K
Exercise	Common units representing limited partner interests	19,290	$0.00	--
Tax Withholding	Common units representing limited partner interests	9,326	$42.26	$394K
holding	Common units representing limited partner interests	--	--	--
holding	Common units representing limited partner interests	--	--	--
holding	Common units representing limited partner interests	--	--	--

Holdings After Transaction: Phantom Units — 30,084 shares (Direct); Common units representing limited partner interests — 38,520 shares (Direct); Common units representing limited partner interests — 1,264,383 shares (Indirect, By family trusts)

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 March 3, 2023, the Reporting Person was granted 64,377 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested as follows: one-third on January 5, 2024, one-third on January 5, 2025 and one-third on January 5, 2026. Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person. Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 57,870 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 6, 2025, one-third on January 5, 2026 and one-third on January 5, 2027. Pursuant to a Grant Agreement dated February 26, 2025, the Reporting Person was granted 45,126 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 6, 2026, one-third on January 6, 2027 and one-third on January 6, 2028. Each Phantom Unit is the economic equivalent of one Common Unit.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Slifka Eric

(Last) (First) (Middle)

C/O GLOBAL PARTNERS LP

800 SOUTH STREET, SUITE 500

(Street)

WALTHAM MA 02453

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GLOBAL PARTNERS LP [ GLP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common units representing limited partner interests(1)	01/05/2026		M		21,459(2)	A	$0	21,459	D
Common units representing limited partner interests	01/05/2026		F		7,945(3)	D	$42.26	13,514	D
Common units representing limited partner interests(1)	01/05/2026		M		19,290(4)	A	$0	32,804	D
Common units representing limited partner interests	01/05/2026		F		9,326(3)	D	$42.26	23,478	D
Common units representing limited partner interests(1)	01/06/2026		M		15,042(5)	A	$0	38,520	D
Common units representing limited partner interests	01/06/2026		F		7,272(3)	D	$42.97	31,248	D
Common units representing limited partner interests								1,264,383	I	By family trusts
Common units representing limited partner interests								564,984	I	By Larea Holdings LLC
Common units representing limited partner interests								1,831,957	I	By Alfred A. Slifka 1990 Trust Under Article II-A

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units(6)	$0	01/05/2026		M			21,459	(2)	(2)	Common units representing limited partner interests	21,459	$0	0	D
Phantom Units(6)	$0	01/05/2026		M			19,290	(4)	(4)	Common units representing limited partner interests	19,290	$0	19,290	D
Phantom Units(6)	$0	01/06/2026		M			15,042	(5)	(6)	Common units representing limited partner interests	15,042	$0	30,084	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 March 3, 2023, the Reporting Person was granted 64,377 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested as follows: one-third on January 5, 2024, one-third on January 5, 2025 and one-third on January 5, 2026.

3. Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.

4. Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 57,870 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 6, 2025, one-third on January 5, 2026 and one-third on January 5, 2027.

5. Pursuant to a Grant Agreement dated February 26, 2025, the Reporting Person was granted 45,126 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 6, 2026, one-third on January 6, 2027 and one-third on January 6, 2028.

6. Each Phantom Unit is the economic equivalent of one Common Unit.

	Erin Powers Brennan, Attorney-in-Fact for Eric Slifka	01/07/2026
	** 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 4 (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.

FAQ

What insider transactions did GLP CEO Eric Slifka report on January 5–6, 2026?

Eric Slifka reported the vesting and conversion of phantom units into common units representing limited partner interests on January 5, 2026 and January 6, 2026, along with share withholdings to cover tax obligations.

How many Global Partners LP phantom units vested and converted into common units for GLP’s CEO?

Phantom units converting into common units included 21,459 and 19,290 on January 5, 2026 and 15,042 on January 6, 2026, each on a one-for-one basis into common units.

What tax withholding transactions were reported in this GLP Form 4 filing?

The filing shows common units withheld at Eric Slifka’s request to satisfy tax withholding obligations: 7,945 and 9,326 units at $42.26 per unit and 7,272 units at $42.97 per unit.

What is the difference between phantom units and common units at Global Partners LP (GLP)?

Each phantom unit represents the right to receive one common unit upon vesting and is described as the economic equivalent of one common unit representing a limited partner interest in Global Partners LP.

How many Global Partners LP common units does Eric Slifka hold directly after these transactions?

Following the reported transactions, Eric Slifka directly held 31,248 common units representing limited partner interests.

What indirect holdings of Global Partners LP units are associated with Eric Slifka?

The filing lists indirect beneficial ownership of common units held by family trusts (1,264,383 units), by Larea Holdings LLC (564,984 units), and by the Alfred A. Slifka 1990 Trust Under Article II-A (1,831,957 units).