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Global Partners (GLP) CFO awarded units and withholds shares for taxes

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GLOBAL PARTNERS LP Chief Financial Officer Gregory B. Hanson reported equity compensation transactions involving common units and phantom units. He was granted 19,898 Phantom Units on February 26, 2026, which each represent the right to receive one common unit upon vesting, in three equal installments in 2027, 2028, and 2029.

On February 25, 2026, he acquired 32,618 common units representing limited partner interests that were earned from a prior performance phantom unit award, with all earned units settling in common units. On the same date, 15,770 common units were withheld at his request to cover tax withholding obligations, leaving him with 87,085 common units directly owned after these transactions.

Positive

  • None.

Negative

  • None.
Insider Hanson Gregory B.
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Phantom Units 19,898 $0.00 $0.00
Grant/Award Common units representing limited partner interests 32,618 $0.00 $0.00
Exercise Price or Tax Liability Common units representing limited partner interests 15,770 $48.19 $760K
Holdings After Transaction: Phantom Units — 19,898 shares (Direct); Common units representing limited partner interests — 87,085 shares (Direct)
Footnotes (4)
  1. F1. 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. F2. Represents Common Units representing a limited partner interest in the Issuer that were earned under an award of performance phantom units ("Performance Units"), granted to the Reporting Person on August 22, 2023. Each Performance Unit represents a contingent right to receive one Common Unit, subject to the Issuer's level of achievement with respect to the certain distributable cash flow performance goal for the applicable performance period. Pursuant to the terms of the award agreement, the Reporting Person earned 200% of the target number of Performance Units, all of which settled in Common Units.
  3. F3. Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
  4. F4. Pursuant to a Grant Agreement dated February 26, 2026, the Reporting Person was granted 19,898 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units granted will vest as follows: one-third on January 5, 2027, one-third on January 5, 2028 and one-third on January 5, 2029.

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FAQ

What equity awards did GLP CFO Gregory B. Hanson receive?
Gregory B. Hanson received a grant of 19,898 Phantom Units and 32,618 common units. The common units came from a performance phantom unit award that paid out based on distributable cash flow performance and settled entirely in common units.

How do Gregory B. Hanson’s GLP Phantom Units work?
Each Phantom Unit represents the right to receive one common unit upon vesting. The 19,898 Phantom Units granted to Gregory B. Hanson vest in three equal installments on January 5, 2027, January 5, 2028, and January 5, 2029, subject to the grant agreement’s vesting conditions.

Why were 15,770 GLP common units disposed of in this Form 4?
The 15,770 common units were withheld at Gregory B. Hanson’s request to satisfy his tax withholding obligations. This disposition, reported with code F at a price of $48.19 per unit, reflects tax withholding rather than an open-market sale.

How many GLP common units does Gregory B. Hanson own after these transactions?
After the reported transactions, Gregory B. Hanson directly owns 87,085 common units representing limited partner interests. This balance reflects the 32,618-unit grant from performance units and the 15,770 units withheld to cover his tax obligations.

What performance conditions were tied to Hanson’s GLP performance units?
The performance phantom units were linked to distributable cash flow performance over a specified period. Under the award terms, Hanson ultimately earned 200% of the target number of performance units, and all earned units settled in common units of GLOBAL PARTNERS LP.
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*
Hanson Gregory B.
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026
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) 02/25/2026 A 32,618(2) A $0 102,855 D
Common units representing limited partner interests 02/25/2026 F 15,770(3) D $48.19 87,085 D
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(1) $0 02/26/2026 A 19,898 (4) (4) Common units representing limited partner interests 19,898 $0 19,898 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. Represents Common Units representing a limited partner interest in the Issuer that were earned under an award of performance phantom units ("Performance Units"), granted to the Reporting Person on August 22, 2023. Each Performance Unit represents a contingent right to receive one Common Unit, subject to the Issuer's level of achievement with respect to the certain distributable cash flow performance goal for the applicable performance period. Pursuant to the terms of the award agreement, the Reporting Person earned 200% of the target number of Performance Units, all of which settled in Common Units.
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 February 26, 2026, the Reporting Person was granted 19,898 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units granted will vest as follows: one-third on January 5, 2027, one-third on January 5, 2028 and one-third on January 5, 2029.
Erin Powers Brennan, Attorney-in-Fact for Gregory B. Hanson 02/27/2026
** 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.

Source: View Original Filing on SEC EDGAR