GLOBAL PARTNERS LP (GLP) awards 11,784 phantom units to Chief Legal Officer

Rhea-AI Filing Summary

Seabrook Kristin K. reported acquisition or exercise transactions in this Form 4 filing.

GLOBAL PARTNERS LP Chief Legal Officer and Secretary Kristin K. Seabrook received an equity-based compensation award of 11,784 Phantom Units. These Phantom Units represent the right to receive one common unit each upon vesting, on a one-for-one basis.

According to the grant terms, the award will vest in three equal installments: one-third on January 5, 2027, one-third on January 5, 2028, and one-third on January 5, 2029, subject to the vesting conditions in the grant agreement.

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^*

Seabrook Kristin K.

(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 Legal Officer & Secy.

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

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		11,784		(2)	(2)	Common units representing limited partner interests	11,784	$0	11,784	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 partnership 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 11,784 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units granted will vest as follows: one-third on January 5, 2027, one-third on January 5, 2028 and one-third on January 5, 2029.

	Erin Powers Brennan, Attorney-in-Fact for Kristin K. Seabrook	02/27/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did GLOBAL PARTNERS LP (GLP) report for Kristin K. Seabrook?

GLOBAL PARTNERS LP reported a grant of 11,784 Phantom Units to Chief Legal Officer and Secretary Kristin K. Seabrook. These units are a form of equity-based compensation that convert into common units on a one-for-one basis after they vest over several years.

What are Phantom Units in the GLOBAL PARTNERS LP (GLP) Form 4 filing?

Phantom Units are equity-based awards representing the right to receive one common unit of GLOBAL PARTNERS LP upon vesting. In this filing, each Phantom Unit converts into one common unit, aligning the executive’s compensation with the long-term performance of the partnership’s equity.

How many Phantom Units were granted to the GLP Chief Legal Officer?

Kristin K. Seabrook, Chief Legal Officer and Secretary of GLOBAL PARTNERS LP, was granted 11,784 Phantom Units. The entire amount was reported as acquired in a single grant, with no purchase price per unit, reflecting a compensation award rather than an open-market transaction.

What is the vesting schedule for the 11,784 Phantom Units granted by GLP?

The 11,784 Phantom Units vest in three equal installments, each covering one-third of the grant. Vesting is scheduled for January 5, 2027, January 5, 2028, and January 5, 2029, contingent on the vesting conditions described in the February 26, 2026 grant agreement.

Does the GLP executive pay anything for the Phantom Units reported in this Form 4?

No cash payment is involved for this award; the transaction price per Phantom Unit is reported as 0.0000. The units are granted as part of compensation, and they convert into common units only after the specified vesting conditions are met over the stated schedule.

How does this Form 4 affect Kristin K. Seabrook’s reported holdings in GLP?

After the grant of 11,784 Phantom Units, the Form 4 shows Kristin K. Seabrook directly holding 11,784 derivative securities of this type. These Phantom Units will convert into common units only if and when they vest according to the grant agreement’s conditions and dates.