Director at Global Partners (NYSE: GLP) granted 3,618 phantom units

Rhea-AI Filing Summary

Kelly Clare McGrory reported acquisition or exercise transactions in this Form 4 filing.

GLOBAL PARTNERS LP director Kelly Clare McGrory received an equity-based award in the form of 3,618 Phantom Units on February 26, 2026. These phantom units represent the right to receive one common unit each on a one-for-one basis when they vest.

According to the grant terms, 100% of the 3,618 Phantom Units will vest on January 6, 2027, if the vesting conditions in the grant agreement are met. Following this filing, McGrory directly holds 8,813 common units representing limited partner interests.

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)
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								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(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 Clare McGrory Kelly	03/02/2026
	** 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 GLP director Kelly Clare McGrory report?

Kelly Clare McGrory reported receiving an equity award of 3,618 Phantom Units on February 26, 2026. These units are a form of deferred compensation that can convert into common units of GLOBAL PARTNERS LP (GLP) once specified vesting conditions are satisfied.

What are Phantom Units in the GLP Form 4 filing?

In this GLP filing, each Phantom Unit represents the right to receive one common unit upon vesting. They function as deferred equity compensation, aligning the director’s interests with unitholders without immediate issuance of common units at the grant date.

When do Kelly Clare McGrory’s 3,618 GLP Phantom Units vest?

All 3,618 Phantom Units granted to Kelly Clare McGrory will vest on January 6, 2027, provided the vesting conditions in the February 26, 2026 Grant Agreement are met. After vesting, each unit can convert into one GLP common unit.

How many GLP common units does Kelly Clare McGrory hold after this transaction?

After the reported transactions, Kelly Clare McGrory directly holds 8,813 common units representing limited partner interests in GLOBAL PARTNERS LP. This figure reflects her direct ownership position as disclosed in the Form 4 holding information.

Does the GLP Phantom Unit grant involve a cash purchase or sale?

The GLP Phantom Unit grant to Kelly Clare McGrory is reported with a price of $0.0000 per unit, indicating a grant or award of equity-based compensation rather than a cash purchase or open-market sale of common units.