Slifka Eric 4

What Happened
Eric Slifka, a 10% owner of Global Partners LP (GLP), received 128,756 common units on Feb 25, 2026 (settlement of performance awards) and had 62,253 of those common units withheld to satisfy tax obligations—those withheld units were recorded as a disposition valued at $48.19 each (total ≈ $2,999,972). On Feb 26, 2026 he was also granted 66,208 phantom units (derivative award) that convert to common units if and when they vest.

Key Details

• Transactions: Feb 25, 2026 — Acquisition of 128,756 common units (award/settlement); Feb 25, 2026 — 62,253 units withheld for tax (reported as disposition) at $48.19 each (~$2,999,972); Feb 26, 2026 — Grant of 66,208 phantom units (derivative).
• Footnotes: Performance units earned at 200% of target and settled in common units; withheld units satisfy the reporting person’s tax withholding obligations. Phantom units convert one-for-one to common units upon vesting.
• Vesting for the 66,208 phantom units: one-third on Jan 5, 2027, one-third on Jan 5, 2028, and one-third on Jan 5, 2029.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing: Form filed Feb 27, 2026 for transactions on Feb 25–26, 2026 (appears timely under Form 4 reporting rules).

Context: The 62,253-unit disposition is a tax-withholding action (routine) rather than an open-market sale, and therefore is not necessarily a bearish signal. The 66,208 phantom units are contingent/derivative awards that will convert to common units only if vesting conditions are met. As a 10% owner, Slifka’s filings reflect large-holder activity rather than routine executive stock trades.