Global Partners (GLP) COO reports equity grants and tax-withholding unit transfer

Rhea-AI Filing Summary

GLOBAL PARTNERS LP Chief Operating Officer Romaine Mark reported equity compensation and related tax withholding transactions. On February 25, he acquired 47,210 common units representing limited partner interests at a stated price of $0.00 per unit as a grant earned from performance phantom units, and 22,826 common units were disposed of at $48.19 per unit to satisfy his tax withholding obligations. Following these transactions, he directly owned 169,109 common units. On February 26, he also received a grant of 24,498 phantom units at a stated price of $0.00, each representing the right to receive one common unit on a one-for-one basis. These phantom units are scheduled to vest in three equal installments on January 5, 2027, January 5, 2028, and January 5, 2029, subject to vesting 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^*

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)
02/25/2026

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)	02/25/2026		A		47,210(2)	A	$0	191,935	D
Common units representing limited partner interests	02/25/2026		F		22,826(3)	D	$48.19	169,109	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(1)	$0	02/26/2026		A		24,498		(4)	(4)	Common units representing limited partner interests	24,498	$0	24,498	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. Represents Common Units representing a limited partner interest in the Issuer that were earned under an award of performance phantom units ("Performance Units"), granted to the Reporting Person on August 22, 2023. Each Performance Unit represents a contingent right to receive one Common Unit, subject to the Issuer's level of achievement with respect to the certain distributable cash flow performance goal for the applicable performance period. Pursuant to the terms of the award agreement, the Reporting Person earned 200% of the target number of Performance Units, all of which settled in Common Units.

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 February 26, 2026, the Reporting Person was granted 24,498 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 Mark Romaine	02/27/2026
	** 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 equity awards did GLP COO Romaine Mark report on this Form 4?

Romaine Mark reported a grant of 24,498 phantom units and an acquisition of 47,210 common units. These common units were earned from a performance phantom unit award and settled entirely in common units.

How many Global Partners (GLP) units were withheld for Romaine Marks taxes?

A total of 22,826 common units were disposed of at $48.19 per unit. These units were withheld at Romaine Marks request to satisfy his personal tax withholding obligations related to the equity award.

What is the vesting schedule for Romaine Marks 24,498 phantom units at GLP?

The 24,498 phantom units vest in three equal installments. One-third vests on January 5, 2027, one-third on January 5, 2028, and the remaining one-third on January 5, 2029, subject to the grant agreement conditions.

How do GLP phantom units reported by Romaine Mark convert into common units?

Each phantom unit represents the right to receive one common unit upon vesting. The conversion is on a one-for-one basis into common units representing limited partner interests in Global Partners LP.

What performance award generated the 47,210 GLP common units for Romaine Mark?

The 47,210 common units came from performance phantom units granted on August 22, 2023. He earned 200% of the target number based on distributable cash flow performance, and all earned units settled in common units.

What is Romaine Marks direct GLP common unit ownership after these transactions?

After the reported grant, acquisition, and tax-withholding disposition, Romaine Mark directly owned 169,109 common units. These units represent his direct limited partner interest in Global Partners LP.