Global Partners LP (GLP) director Owens settles 2,149 phantom units

Rhea-AI Filing Summary

Global Partners LP director Robert W. Owens reported the vesting and conversion of previously granted phantom units into common units representing limited partner interests. On January 6, 2026, 2,149 phantom units converted on a one-for-one basis into 2,149 common units at a price of $0 per unit, reflecting the settlement of an equity award rather than an open-market purchase. After this transaction, Owens beneficially owned 13,314 common units directly. The phantom units had been granted under a February 26, 2025 grant agreement and vested 100% upon satisfaction of the specified conditions.

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^*

OWENS ROBERT W

(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	13,314	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 Robert W. Owens	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 GLP director Robert W. Owens report?

Robert W. Owens reported the vesting and conversion of 2,149 phantom units into 2,149 common units of Global Partners LP on January 6, 2026 at a price of $0 per unit.

How many Global Partners LP (GLP) units does Robert W. Owens own after this transaction?

Following the reported vesting and conversion, Robert W. Owens beneficially owned 13,314 common units representing limited partner interests in Global Partners LP.

What are phantom units in the context of GLP’s insider filing?

For Global Partners LP, each Phantom Unit represents the right to receive one common unit upon vesting and converts into a common unit on a one-for-one basis, with each phantom unit economically equivalent to one common unit.

When were the phantom units granted to Robert W. Owens at Global Partners LP?

The reported 2,149 phantom units were granted to Robert W. Owens under a grant agreement dated February 26, 2025, and vested 100% on January 6, 2026 after meeting the vesting conditions.

Was cash paid for the GLP units acquired in this insider transaction?

No cash was paid for these units in the reported transaction; the 2,149 common units were acquired upon vesting of phantom units at a reported price of $0 per unit.

Is the GLP insider transaction reported by Owens a direct or indirect holding?

The filing shows that after the transaction, the 13,314 common units of Global Partners LP beneficially owned by Robert W. Owens are held with direct ownership.