Hanson Gregory B. 4
4 · GLOBAL PARTNERS LP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
GLOBAL PARTNERS (GLP) CFO Gregory B. Hanson Receives Awards, Withholds Units
What Happened
Gregory B. Hanson, Chief Financial Officer of Global Partners LP (GLP), received 32,618 common units on Feb 25, 2026 (resulting from earned performance phantom units) and, to cover tax withholding, 15,770 of those units were withheld at $48.19 each (total value withheld ≈ $759,956). On Feb 26, 2026 he was granted 19,898 new phantom units (derivative award) that vest one-third on Jan 5 of 2027, 2028 and 2029.
Key Details
- Transaction types: A = Award/Grant (32,618 common units acquired; 19,898 phantom units granted), F = Tax withholding (15,770 units withheld/disposed to satisfy tax liability).
- Dates & prices: 2026-02-25 (acquired 32,618 units @ $0.00; 15,770 units withheld @ $48.19 → ~$759,956); 2026-02-26 (granted 19,898 phantom units @ $0.00).
- Footnotes of note:
- Performance units earned at 200% of target and settled in common units (F2).
- Withheld common units were used to satisfy the Reporting Person’s tax withholding obligations (F3), not an open-market sale.
- Phantom units convert one-for-one to common units upon vesting (F1); new phantom grant vests 1/3 on Jan 5 of 2027–2029 (F4).
- Shares owned after the transactions: not provided in the excerpt of the filing.
- Filing timeliness: Form filed 2026-02-27 for transactions on 2026-02-25 — appears timely (filed within the standard 2-business-day Form 4 window).
Context
- This filing mainly reflects compensation-related awards and routine tax-withholding, not an open-market sale. The withholding (F code) is a common cashless/tax-settlement mechanism and should not be interpreted as a sale indicating negative sentiment. The newly granted phantom units are derivative awards that will convert to common units only as they vest per the schedule.
Insider Transaction Report
Form 4
Hanson Gregory B.
Chief Financial Officer
Transactions
- Award
Common units representing limited partner interests
[F1][F2]2026-02-25+32,618→ 102,855 total - Tax Payment
Common units representing limited partner interests
[F3]2026-02-25$48.19/sh−15,770$759,956→ 87,085 total - Award
Phantom Units
[F1][F4]2026-02-26+19,898→ 19,898 totalExercise: $0.00→ Common units representing limited partner interests (19,898 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 19,898 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 Gregory B. Hanson|2026-02-27