Global Partners (NYSE: GLP) CEO logs unit awards and tax withholding moves

Rhea-AI Filing Summary

GLOBAL PARTNERS LP Chairman, President & CEO Eric Slifka reported equity-based compensation and related tax withholding transactions in common units and phantom units. He was granted 128,756 common units representing limited partner interests as an award, and 62,253 common units were disposed of to cover tax withholding obligations at a price of $48.1900 per unit, all recorded as direct ownership changes.

In addition, he received a grant of 66,208 phantom units that each represent the right to receive one common unit on a one-for-one basis upon vesting. These phantom units vest in three equal installments on January 5, 2027, January 5, 2028, and January 5, 2029. The filing also reflects indirect holdings of common units through family trusts and Larea Holdings LLC.

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

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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)
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		128,756(2)	A	$0	160,004	D
Common units representing limited partner interests	02/25/2026		F		62,253(3)	D	$48.19	97,751	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(1)	$0	02/26/2026		A		66,208		(4)	(4)	Common units representing limited partner interests	66,208	$0	66,208	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 66,208 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 Eric Slifka	02/27/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did GLP CEO Eric Slifka report on this Form 4?

Eric Slifka reported awards of common units and phantom units, plus a tax-withholding disposition. He received 128,756 common units, a 66,208 phantom unit grant, and 62,253 common units were withheld to satisfy tax obligations tied to the equity award.

How many phantom units were granted to the GLP CEO in this filing?

Eric Slifka was granted 66,208 phantom units under a grant agreement dated February 26, 2026. Each phantom unit represents the right to receive one common unit upon vesting, giving him equity exposure without immediate issuance of additional common units.

When do Eric Slifka’s newly granted GLP phantom units vest?

The 66,208 phantom units vest in three equal installments on January 5, 2027, January 5, 2028, and January 5, 2029. Each vested phantom unit converts into one common unit representing a limited partner interest in Global Partners LP.

What was the nature of the 62,253 GLP common units disposed of in this Form 4?

The 62,253 common units were withheld to pay tax withholding obligations associated with an equity award. The disposition was coded as a tax-withholding transaction at $48.1900 per unit, not as an open-market sale or discretionary divestment by Eric Slifka.

What equity award performance outcome did the GLP Form 4 disclose?

The filing notes common units earned from performance phantom units granted August 22, 2023. These performance units vested based on distributable cash flow goals, and Eric Slifka earned 200% of the target number, with all earned units settling in common units of Global Partners LP.

Does Eric Slifka hold GLP units indirectly through other entities?

Yes. The Form 4 reports indirect ownership of common units through family trusts, Larea Holdings LLC, and the Alfred A. Slifka 1990 Trust Under Article II-A. These entries reflect indirect holdings in addition to Eric Slifka’s directly held common and phantom units.