Global Partners LP (GLP) COO logs phantom unit vesting into common units

Rhea-AI Filing Summary

Global Partners LP's Chief Operating Officer, Mark Romaine, reported equity compensation activity involving common units and phantom units tied to prior grant agreements. On January 5, 2026, 7,869 and 6,981 phantom units converted into an equal number of common units at an exercise price of $0 per unit, with 2,322 and 2,048 common units withheld at prices of $42.26 per unit to cover tax obligations. On January 6, 2026, 5,444 phantom units similarly converted at $0, with 1,730 common units withheld at $42.97 for taxes.

Following these transactions, Romaine directly held 144,725 common units and 10,887 phantom units. The vesting and conversions stem from grant agreements dated March 3, 2023, March 25, 2024, and February 26, 2025, which provide for one-third vesting installments on specified January dates from 2024 through 2028.

Insider Trade Summary

20,294 shares exercised/converted

Mixed 9 txns

Insider Romaine Mark

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Phantom Units	5,444	$0.00	--
Exercise	Common units representing limited partner interests	5,444	$0.00	--
Tax Withholding	Common units representing limited partner interests	1,730	$42.97	$74K
Exercise	Phantom Units	7,869	$0.00	--
Exercise	Phantom Units	6,981	$0.00	--
Exercise	Common units representing limited partner interests	7,869	$0.00	--
Tax Withholding	Common units representing limited partner interests	2,322	$42.26	$98K
Exercise	Common units representing limited partner interests	6,981	$0.00	--
Tax Withholding	Common units representing limited partner interests	2,048	$42.26	$87K

Holdings After Transaction: Phantom Units — 10,887 shares (Direct); Common units representing limited partner interests — 146,455 shares (Direct)

Footnotes (1)

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. Pursuant to a Grant Agreement dated March 3, 2023, the Reporting Person was granted 23,605 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. Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person. Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 20,943 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. Pursuant to a Grant Agreement dated February 26, 2025, the Reporting Person was granted 16,331 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. Each Phantom Unit is the economic equivalent of one Common Unit.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

Romaine Mark

(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 Operating 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		7,869(2)	A	$0	138,400	D
Common units representing limited partner interests	01/05/2026		F		2,322(3)	D	$42.26	136,078	D
Common units representing limited partner interests(1)	01/05/2026		M		6,981(4)	A	$0	143,059	D
Common units representing limited partner interests	01/05/2026		F		2,048(3)	D	$42.26	141,011	D
Common units representing limited partner interests(1)	01/06/2026		M		5,444(5)	A	$0	146,455	D
Common units representing limited partner interests	01/06/2026		F		1,730(3)	D	$42.97	144,725	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			7,869	(2)	(2)	Common units representing limited partner interests	7,869	$0	0	D
Phantom Units(6)	$0	01/05/2026		M			6,981	(4)	(4)	Common units representing limited partner interests	6,981	$0	6,981	D
Phantom Units(6)	$0	01/06/2026		M			5,444	(5)	(5)	Common units representing limited partner interests	5,444	$0	10,887	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 23,605 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 20,943 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 16,331 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 Mark Romaine	01/07/2026
	** Signature of Reporting Person	Date
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