Hanson Gregory B. 4

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.