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3,618 phantom units granted to Global Partners (GLP) director Pereira

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(Neutral)
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(Neutral)
Form Type
4

Rhea-AI Filing Summary

GLOBAL PARTNERS LP director Jaime Pereira received an equity award of 3,618 phantom units on February 26, 2026. These phantom units convert into common units on a one-for-one basis when they vest, functioning like deferred stock-based compensation rather than a cash transaction.

Under the grant agreement, 100% of the 3,618 phantom units will vest on January 6, 2027, if the vesting conditions are met. After this award, Pereira reports 3,618 phantom units, 13,814 common units held directly, and 2,000 common units held indirectly through the Cynthia A. Pereira Revocable Trust dated April 30, 2014.

Positive

  • None.

Negative

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Insider Pereira Jaime
Role Director
Type Security Shares Price Value
Grant/Award Phantom Units 3,618 $0.00 --
holding Common units representing limited partner interests -- -- --
holding Common units representing limited partner interests -- -- --
Holdings After Transaction: Phantom Units — 3,618 shares (Direct); Common units representing limited partner interests — 13,814 shares (Direct); Common units representing limited partner interests — 2,000 shares (Indirect, By the Cynthia A. Pereira Revocable Trust dated April 30, 2014.)
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 February 26, 2026, the Reporting Person was granted 3,618 Phantom Units. Upon satisfying the vesting conditions set forth in the Grant Agreement, 100% of the Phantom Units granted will vest on January 6, 2027.
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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*
Pereira Jaime
(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 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026
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 13,814 D
Common units representing limited partner interests 2,000 I By the Cynthia A. Pereira Revocable Trust dated April 30, 2014.
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 3,618 (2) (2) Common units representing limited partner interests 3,618 $0 3,618 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 February 26, 2026, the Reporting Person was granted 3,618 Phantom Units. Upon satisfying the vesting conditions set forth in the Grant Agreement, 100% of the Phantom Units granted will vest on January 6, 2027.
Erin Powers Brennan, Attorney-in-Fact for Jaime Pereira 03/02/2026
** 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

FAQ

What insider equity award did GLP report for director Jaime Pereira?

GLP reported that director Jaime Pereira was granted 3,618 phantom units on February 26, 2026. These units convert into common units on a one-for-one basis upon vesting, giving him additional equity-linked exposure without an immediate cash transaction.

When do Jaime Pereiras 3,618 GLP phantom units vest?

All 3,618 phantom units are scheduled to vest on January 6, 2027, assuming the grants vesting conditions are satisfied. Upon vesting, each phantom unit will convert into one Global Partners common unit representing a limited partner interest.

What are phantom units in the context of GLP and Jaime Pereira?

Phantom units are equity-based awards that represent the right to receive one common unit upon vesting. For Jaime Pereira, each phantom unit will convert into one Global Partners common unit, aligning his compensation with unitholder value without issuing common units immediately.

How many GLP common units does Jaime Pereira report holding after this grant?

After this grant, Jaime Pereira reports 13,814 Global Partners common units held directly. He also reports 2,000 additional common units held indirectly through the Cynthia A. Pereira Revocable Trust dated April 30, 2014, reflecting both personal and trust-related holdings.

Did Jaime Pereira pay cash for the 3,618 GLP phantom units?

No cash payment is reflected for the 3,618 phantom units, which have a reported price of $0.0000 per unit. This indicates they were granted as a compensatory equity award rather than purchased in an open-market or negotiated cash transaction.

How many GLP phantom units does Jaime Pereira hold after the reported transaction?

Following the reported transaction, Jaime Pereira holds 3,618 phantom units. These units are tied to a grant dated February 26, 2026, and are scheduled to vest in full on January 6, 2027, subject to the grants vesting conditions.