Global Partners LP (GLP) CFO Hanson details 2026 phantom unit vesting and unit withholdings

Rhea-AI Filing Summary

Global Partners LP’s Chief Financial Officer Gregory B. Hanson reported multiple equity compensation transactions involving the partnership’s common units in early January 2026. On January 5, 2026, phantom units granted under prior awards vested and were converted into 5,437 and 6,614 common units in separate transactions at an exercise price of $0, increasing his directly held units after each conversion.

On the same day, 1,656 and 1,940 common units were withheld at prices of $42.26 per unit to satisfy tax withholding obligations. On January 6, 2026, an additional 5,158 phantom units vested and converted into common units at an exercise price of $0, followed by 1,513 common units withheld at $42.97 per unit for taxes. The filing notes that each phantom unit is economically equivalent to, and converts on a one-for-one basis into, a common unit.

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^*

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)
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		5,437(2)	A	$0	63,574	D
Common units representing limited partner interests	01/05/2026		F		1,656(3)	D	$42.26	61,918	D
Common units representing limited partner interests(1)	01/05/2026		M		6,614(4)	A	$0	68,532	D
Common units representing limited partner interests	01/05/2026		F		1,940(3)	D	$42.26	66,592	D
Common units representing limited partner interests(1)	01/06/2026		M		5,158(5)	A	$0	71,750	D
Common units representing limited partner interests	01/06/2026		F		1,513(3)	D	$42.97	70,237	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(6)	$0	01/05/2026		M			5,437	(2)	(2)	Common units representing limited partner interests	5,437	$0	0	D
Phantom Units(6)	$0	01/05/2026		M			6,614	(4)	(4)	Common units representing limited partner interests	6,614	$0	6,613	D
Phantom Units(6)	$0	01/06/2026		M			5,158	(5)	(5)	Common units representing limited partner interests	5,158	$0	10,314	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 16,309 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 19,841 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 15,472 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 Gregory B. Hanson	01/07/2026
	** Signature of Reporting Person	Date
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FAQ

What insider activity did Global Partners LP (GLP) report for its CFO?

The filing shows that Chief Financial Officer Gregory B. Hanson had several phantom unit awards vest on January 5, 2026 and January 6, 2026, which were converted into common units representing limited partner interests at an exercise price of $0 per unit. Some of the resulting common units were then withheld to cover tax obligations.

How many Global Partners LP phantom units vested in the reported Form 4 transactions?

The Form 4 reports separate vesting transactions of 5,437, 6,614, and 5,158 phantom units on January 5–6, 2026. Each phantom unit converts into one common unit representing a limited partner interest when vesting conditions set in the grant agreements are met.

At what prices were Global Partners LP common units withheld for taxes in this filing?

Common units representing limited partner interests were withheld to satisfy tax withholding obligations at prices of $42.26 per unit in two separate transactions on January 5, 2026, and at $42.97 per unit in a transaction on January 6, 2026, as disclosed in the Form 4.

What are phantom units in the context of Global Partners LP (GLP) compensation?

The filing explains that each phantom unit represents the right to receive one common unit of Global Partners LP upon vesting. Each phantom unit is described as the economic equivalent of one common unit, converting on a one-for-one basis when vesting and other grant conditions are satisfied.

Which grant agreements are referenced for the Global Partners LP phantom unit awards?

The Form 4 references grant agreements dated March 3, 2023, March 25, 2024, and February 26, 2025. These agreements cover awards of 16,309, 19,841, and 15,472 phantom units, respectively, with vesting schedules that include the vesting dates on January 5–6, 2026 reported in this filing.

Why were some Global Partners LP common units disposed of in the Form 4?

The filing notes that each common unit shown with transaction code F was withheld at the request of the reporting person to satisfy his tax withholding obligations arising from the vesting and conversion of phantom units into common units.