Romaine Mark 4

4 · GLOBAL PARTNERS LP · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 27, 2026

GLOBAL PARTNERS (GLP) COO Mark Romaine Sells 22,826 Shares

What Happened

Mark Romaine, COO of Global Partners LP (GLP), had 47,210 performance phantom units convert into common units on Feb 25, 2026 (acquisition at $0.00). To satisfy tax withholding, 22,826 of those Common Units were withheld/disposed on Feb 25, 2026 at $48.19 per unit, totaling $1,099,985. On Feb 26, 2026 he was also granted 24,498 phantom units (derivative award) at $0.00. The withholding is a tax-payment disposition (routine) rather than an open-market sale.

Key Details

Transactions/dates:
- 2026-02-25: Award/settlement — 47,210 Common Units acquired (A) at $0.00 (from Performance Units).
- 2026-02-25: Tax withholding/disposition — 22,826 Common Units disposed (F) at $48.19 for $1,099,985.
- 2026-02-26: Grant — 24,498 Phantom Units (A) at $0.00 (derivative).
Footnotes of note:
- F2: The 47,210 Common Units resulted from Performance Units granted Aug 22, 2023; Romaine earned 200% of target and all settled in Common Units.
- F3: The 22,826 Common Units were withheld at the reporting person’s request to satisfy tax withholding obligations.
- F1/F4: Phantom Units convert one-for-one into Common Units on vesting; the 24,498 Phantom Units vest one-third on Jan 5 of 2027, 2028 and 2029.
Shares owned after transaction: not specified in the filing.
Filing: Report covers transactions on Feb 25–26, 2026 and was filed Feb 27, 2026 (appears timely).

Context

This was not an open-market sale; the 22,826-unit disposition was a tax-withholding action following vesting of performance units (common practice when awards settle). The new 24,498 phantom units are time-based/vesting derivatives that will convert to common units if vesting conditions are met. No inference should be drawn about personal views of the stock beyond the mechanical tax and award-related activity.

Form 4

Period: 2026-02-25

Chief Operating Officer

Transactions

Award
Common units representing limited partner interests
[F1][F2]
2026-02-25+47,210→ 191,935 total
Tax Payment
Common units representing limited partner interests
[F3]
2026-02-25$48.19/sh−22,826$1,099,985→ 169,109 total
Award
Phantom Units
[F1][F4]
2026-02-26+24,498→ 24,498 total
Exercise: $0.00→ Common units representing limited partner interests (24,498 underlying)

Footnotes (4)

[F1]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.
[F2]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.
[F3]Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
[F4]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.

Signature

Erin Powers Brennan, Attorney-in-Fact for Mark Romaine|2026-02-27

1 file