Global Partners LP (GLP) director Hailer converts 2,149 Phantom Units to units

Rhea-AI Filing Summary

Global Partners LP director John T. Hailer reported a routine equity award vesting. On January 6, 2026, 2,149 Phantom Units vested and converted on a one-for-one basis into 2,149 common units representing limited partner interests in Global Partners LP at a price of $0 per unit. After this conversion, Hailer directly beneficially owned 13,314 common units. The Phantom Units were originally granted under a February 26, 2025 grant agreement and are described as economically equivalent to one common unit.

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

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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^*

HAILER JOHN T

(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 John T. Hailer	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 transaction did GLP director John T. Hailer report on this Form 4?

John T. Hailer reported the vesting and conversion of 2,149 Phantom Units into 2,149 common units representing limited partner interests of Global Partners LP on January 6, 2026, at a price of $0 per unit.

How many Global Partners LP (GLP) common units does John T. Hailer own after this transaction?

Following the reported transaction, John T. Hailer directly beneficially owned 13,314 common units of Global Partners LP.

What are Phantom Units in the context of GLP’s director compensation?

Each Phantom Unit represents the right to receive one common unit representing a limited partner interest upon vesting and is described as the economic equivalent of one common unit.

When were the Phantom Units granted to GLP director John T. Hailer?

According to the disclosure, the 2,149 Phantom Units were granted under a Grant Agreement dated February 26, 2025.

When did the Phantom Units for GLP’s director fully vest?

The form states that, after satisfying the vesting conditions in the grant agreement, the Phantom Units vested 100% on January 6, 2026.

Is this GLP Form 4 transaction a purchase or option exercise for cash?

The transaction is coded as M, reflecting the conversion of 2,149 Phantom Units into 2,149 common units at a price of $0 per unit, rather than a cash purchase in the market.