Global Partners LP filings document regulatory disclosures for a publicly traded master limited partnership with common units and 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units listed on the New York Stock Exchange. Recent Form 8-K reports cover operating results, non-GAAP financial measures and reconciliations, quarterly cash distributions, and Regulation FD disclosures tied to unitholder communications.
The filing record also documents capital structure and governance matters, including credit agreement obligations, securities registered under Section 12(b), actions by the board of the general partner, and executive officer transition and compensation arrangements. These disclosures frame the Partnership’s reporting around energy logistics, fuel distribution, retail station operations, distributions, financing capacity, and limited-partnership governance.
Global Partners LP received an updated ownership disclosure from institutional investors ALPS Advisors, Inc. and Alerian MLP ETF. As of December 31, 2025, they report beneficial ownership of 5,999,844 common units representing limited partner interests, equal to 17.65% of the class.
ALPS Advisors and Alerian MLP ETF report shared voting and dispositive power over all of these units, with no sole voting or dispositive power. The units are owned by funds to which ALPS Advisors provides investment advice, and ALPS Advisors disclaims beneficial ownership beyond what is required for this disclosure. The investors state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Global Partners.
Global Partners LP filed an initial insider ownership report for its Chief Legal Officer and Secretary, Kristin K. Seabrook, as of the event date in early 2026. The filing shows she directly holds no Common Units representing limited partner interests. Instead, she has a grant of 10,178 Phantom Units, each representing the right to receive one Common Unit upon vesting at no cash exercise price.
These Phantom Units were granted under an agreement dated April 14, 2025 and vest in three equal installments: one-third on April 14, 2026, one-third on April 14, 2027, and one-third on April 14, 2028. As the units vest, they convert on a one-for-one basis into Common Units of Global Partners LP.
Global Partners LP detailed a new employment agreement with longtime legal executive Sean T. Geary as he transitions from Chief Legal Officer to Senior Legal Advisor effective January 1, 2026. The agreement runs through December 31, 2026 and automatically renews for one-year terms unless either side gives at least 90 days’ notice.
Geary will receive an annual base salary of $325,000 and remains eligible for discretionary cash bonuses, participation in the 2025 short-term incentive plan, long-term incentive plans, and standard employee benefit programs. If his employment ends due to death, disability, termination without Cause, or Constructive Termination, he is entitled to accrued compensation, a lump-sum payment equal to 100% of base salary, a pro-rated discretionary bonus, and up to 18 months of continued insurance premiums.
If the General Partner chooses not to renew the agreement, Geary would receive accrued obligations, a lump sum equal to 50% of base salary, and a bonus for that year. The agreement also includes confidentiality, non-competition, and non-solicitation covenants, with a separate payment equal to 50% of his highest recent base salary in consideration for complying with the non-compete.
Global Partners LP’s general partner, Global GP LLC, reported a series of open-market purchases of the partnership’s common units. On 12/19/2025, it acquired 2,000 common units at a weighted average price of $42.66. On 12/22/2025, it purchased 1,250 units at a weighted average price of $42.98, and on 12/23/2025 it bought 1,080 units at a weighted average price of $43.02. After these transactions, the reporting person showed beneficial ownership of 230,273 common units, held directly. The filing explains that Global GP LLC is purchasing units to satisfy obligations under the Global Partners LP Long-Term Incentive Plan for directors and officers, and it disclaims any pecuniary interest or beneficial ownership in these securities for Section 16 purposes.
Global GP LLC, the general partner of Global Partners LP, reported three purchases of common units representing limited partner interests on December 16–18, 2025.
The transactions were purchases of 1,836 common units at a weighted average price of $42.35 on December 16, 2,156 units at $42.02 on December 17, and 2,500 units at $42.64 on December 18. Following the latest transaction, the reporting person was shown as beneficially owning 225,943 common units in direct form.
The units are being purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan for awards previously granted to directors and officers. The reporting person states it disclaims any pecuniary interest in these securities and that the filing should not be considered an admission of beneficial ownership for Section 16 purposes.
Global Partners LP general partner Global GP LLC reported open-market purchases of the partnership’s common units. On 12/11/2025 it bought 2,000 common units at a weighted average price of $44.16, and on 12/15/2025 it bought 1,463 common units at a weighted average price of $43.43.
After these transactions, Global GP LLC beneficially owned 219,451 common units, held directly. The purchases were made to satisfy obligations under the Global Partners LP Long-Term Incentive Plan, and the reporting person disclaims any pecuniary interest in these securities.
Global GP LLC, the general partner and a 10% owner of Global Partners LP, reported open-market purchases of common units representing limited partner interests. On 12/05/2025, it acquired 1,450 common units at a weighted average price of $45.48, and on 12/08/2025 it acquired 2,467 common units at a weighted average price of $44.84. Following these transactions, it reported beneficial ownership of 215,988 common units, held directly. The filing notes that the units are being purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan, and the reporting person disclaims any pecuniary interest in the securities.
Global Partners LP insider Global GP LLC, its general partner, reported open-market purchases of common units representing limited partner interests. On 12/02/2025, it bought 3,809 units at a weighted average price of $43.35, on 12/03/2025 it bought 4,947 units at a weighted average price of $44.64, and on 12/04/2025 it bought 5,000 units at a weighted average price of $45.21. Following these transactions, Global GP LLC beneficially owned 212,071 common units, reported as directly held. The filing notes that the units are being purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan and that the reporting person disclaims any pecuniary interest in these securities.
Global Partners LP’s general partner reports open-market unit purchases. A Form 4 filing shows that Global GP LLC, identified as a general partner and 10% owner of Global Partners LP (GLP), bought common units representing limited partner interests in two transactions.
On 11/26/2025, Global GP LLC purchased 1,701 common units at a weighted average price of $44.10, and on 12/01/2025 it purchased an additional 1,794 common units at a weighted average price of $43.97. After these purchases, the reporting person beneficially owned 198,315 common units in total.
The filing explains that Global GP LLC is purchasing these units to satisfy obligations under the Global Partners LP Long-Term Incentive Plan for directors and officers, and states that the reporting person disclaims any pecuniary interest in these securities.
Global Partners LP (GLP) reported insider activity by its general partner, Global GP LLC, which filed a Form 4 for recent unit purchases. On 11/21/2025 it bought 4,005 common units representing limited partner interests at a weighted average price of $42.96. On 11/24/2025 it acquired another 3,965 units at a weighted average price of $42.05, and on 11/25/2025 it purchased 2,228 units at a weighted average price of $42.88. After these transactions, Global GP LLC beneficially owned 194,820 common units, held directly. The filing notes that these units are being purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan and that the reporting person disclaims any pecuniary interest in the securities.