Global Partners LP (GLP) director reports 2,149 Phantom Units vesting

Rhea-AI Filing Summary

Global Partners LP director Kelly Clare McGrory reported the vesting and conversion of equity awards. On January 6, 2026, 2,149 Phantom Units, each economically equivalent to one common unit, vested in full under a grant dated February 26, 2025. These Phantom Units converted on a one-for-one basis into 2,149 common units representing limited partner interests at a price of $0 per unit. Following this transaction, McGrory directly beneficially owns 8,813 common units.

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^*

Kelly Clare McGrory

(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)
01/06/2026

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)	01/06/2026		M		2,149(2)	A	$0	8,813	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(3)	$0	01/06/2026		M			2,149	(2)	(2)	Common units representing limited partner interests	2,149	$0	0	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, 2025, the Reporting Person was granted 2,149 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on January 6, 2026.

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

Remarks:

Exhibit Index: 24.1 Power of Attorney

	Erin Powers Brennan, Attorney-in-Fact for Clare McGrory Kelly	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Global Partners LP (GLP) report for Kelly Clare McGrory?

Director Kelly Clare McGrory reported the vesting and conversion of 2,149 Phantom Units into 2,149 common units of Global Partners LP on January 6, 2026.

How many Global Partners LP units does Kelly Clare McGrory own after this Form 4 transaction?

After the reported transaction, Kelly Clare McGrory directly beneficially owns 8,813 common units representing limited partner interests of Global Partners LP.

What are Phantom Units in the context of Global Partners LP (GLP)?

For Global Partners LP, each Phantom Unit represents the right to receive one common unit upon vesting and is described as the economic equivalent of one common unit.

What caused the 2,149 Phantom Units to vest for the Global Partners LP director?

The 2,149 Phantom Units were granted under a Grant Agreement dated February 26, 2025 and vested 100% on January 6, 2026 after the vesting conditions in that agreement were satisfied.

Was there a cash exercise price for the Phantom Units reported by Global Partners LP (GLP)?

No cash exercise price was involved; the Phantom Units converted into common units at a reported price of $0 per unit in the transaction details.

Does the Form 4 indicate whether Kelly Clare McGrory holds the Global Partners LP units directly or indirectly?

The filing shows that the 8,813 common units are held with direct (D) ownership by Kelly Clare McGrory, with no nature of indirect ownership indicated.