Global Partners LP (GLP) general partner reports unit deliveries and tax withholdings

Rhea-AI Filing Summary

Global GP LLC, the general partner of Global Partners LP, reported several internal unit transfers tied to the partnership’s long-term incentive plan. On January 5, 2026, it delivered 80,216 common units and separately 29,189 common units representing limited partner interests under prior grant agreements, using the issuer’s closing price of $42.26 from January 2, 2026 as the reference value.

The filing explains that some common units were withheld from grant recipients who elected cashless exercises to cover their tax withholding obligations. On January 6, 2026, Global GP LLC delivered an additional 38,925 common units under a 2025 grant agreement and withheld 11,889 units for taxes, using the issuer’s $42.97 closing price on January 5, 2026 as the reference. After these transactions, Global GP LLC reports direct beneficial ownership of 152,210 common units and disclaims any pecuniary interest in these units for Section 16 purposes.

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^*

Global GP LLC

(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
	Officer (give title below)	X	Other (specify below)
			General Partner

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	01/05/2026		J		80,216(1)	D	$42.26(2)	150,057(3)	D
Common units representing limited partner interests	01/05/2026		J		29,189(4)	A	$42.26(2)	179,246(3)	D
Common units representing limited partner interests	01/06/2026		J		38,925(5)	D	$42.97(6)	140,321(3)	D
Common units representing limited partner interests	01/06/2026		J		11,889(4)	A	$42.97(6)	152,210(3)	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

Explanation of Responses:

1. The Reporting Person is delivering common units representing limited partner interests in the Issuer ("Common Units") under the Global Partners LP Long-Term Incentive Plan to satisfy its obligations pursuant to grant agreements dated March 3, 2023 and February 25, 2024.

2. The Issuer's closing market price on January 2, 2026 (the last business date immediately prior to vesting).

3. The Reporting Person disclaims any pecuniary interest in the Common Units and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the Common Units for purposes of Section 16.

4. The Reporting Person withheld Common Units from the grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations.

5. The Reporting Person is delivering common units representing limited partner interests in the Issuer ("Common Units") under the Global Partners LP Long-Term Incentive Plan to satisfy its obligations pursuant to grant agreements dated February 26, 2025.

6. The Issuer's closing market price on January 5, 2026 (the last business date immediately prior to vesting).

	Erin Powers Brennan, Attorney-in-Fact for Global GP LLC	01/07/2026
	** 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).
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FAQ

What insider activity did Global GP LLC report for GLP on this Form 4?

Global GP LLC reported several non-derivative transactions in common units representing limited partner interests of Global Partners LP on January 5 and 6, 2026. These included unit deliveries under the Global Partners LP Long-Term Incentive Plan and unit withholdings from award recipients who chose cashless exercises to cover tax withholding obligations.

How many Global Partners LP units did Global GP LLC deliver or withhold in January 2026?

On January 5, 2026, Global GP LLC delivered 80,216 common units and 29,189 common units tied to earlier grant agreements. On January 6, 2026, it delivered 38,925 common units under a 2025 grant agreement and withheld 11,889 common units from award recipients to satisfy their tax withholding obligations.

What prices were used to value the GLP unit transactions in this Form 4?

The transactions refer to the issuer’s closing market prices immediately before vesting. For the January 5, 2026 events, the reference price was $42.26, the closing price on January 2, 2026. For the January 6, 2026 events, the reference price was $42.97, the closing price on January 5, 2026.

How many Global Partners LP units does Global GP LLC report owning after these transactions?

Following the reported January 2026 transactions, Global GP LLC reports direct beneficial ownership of 152,210 common units representing limited partner interests of Global Partners LP.

What does Global GP LLC disclose about its economic interest in the reported GLP units?

The filing states that Global GP LLC disclaims any pecuniary interest in the common units and that this report should not be deemed an admission that it is the beneficial owner of the units for Section 16 purposes.

What is the relationship of Global GP LLC to Global Partners LP (GLP)?

Global GP LLC is identified as the general partner of Global Partners LP. The Form 4 is filed as a Form filed by one reporting person, reflecting Global GP LLC’s reporting obligations in that capacity.