Global GP LLC 4
4 · GLOBAL PARTNERS LP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Global Partners (GLP) General Partner Delivers & Withholds Units
What Happened Global GP LLC, the general partner of Global Partners LP (GLP), delivered 247,928 common units on Feb 25, 2026 to satisfy obligations under the LP’s Long-Term Incentive Plan (LTIP). Those delivered units are reported as a disposition at $48.19 each (total ~$11,947,650). At the same time, the reporting person withheld 119,871 units to satisfy tax-withholding obligations, reported as an acquisition at $48.19 each (total ~$5,776,583). After these actions, the reporting person held 24,153 common units.
Key Details
- Transaction date: 2026-02-25; reported on Form 4 filed 2026-02-27 (timely within the Section 16 reporting window).
- Disposition: 247,928 units @ $48.19 = $11,947,650 (code J: other acquisition/disposition).
- Acquisition/withholding: 119,871 units @ $48.19 = $5,776,583 (withheld to satisfy tax obligations).
- Shares held after transaction: 24,153 common units.
- Footnotes: Units were delivered to satisfy LTIP grant agreements (Aug 22, 2023). The reporting person disclaims any pecuniary/beneficial ownership interest in the units for Section 16 purposes. Price shown is the issuer’s Feb 24, 2026 closing price.
Context
- This was not an open-market buy or sale by an individual officer; it reflects delivery of LTIP awards and routine tax withholding (a cashless-type mechanism). Such deliveries are typically administrative actions to satisfy grant obligations and tax liabilities rather than directional bets on the stock.
Insider Transaction Report
Form 4
Global GP LLC
Other
Transactions
- Other
Common units representing limited partner interests
[F1][F2]2026-02-25$48.19/sh−247,928$11,947,650→ 0 total - Other
Common units representing limited partner interests
[F4][F2][F3]2026-02-25$48.19/sh+119,871$5,776,583→ 24,153 total
Footnotes (4)
- [F1]The Reporting Person is delivering common units representing limited partner interests in the Issuer ("Common Units") under the Global Partners LP Long-Term Incentive Plan ("LTIP") to satisfy its obligations pursuant to grant agreements dated August 22, 2023.
- [F2]The Issuer's closing price on February 24, 2026 (the last business day immediately prior to certification).
- [F3]The Reporting Person disclaims any pecuniary interest in the Common Units and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the Common Units for purposes of Section 16.
- [F4]The Reporting Person withheld Common Units from certain grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations. As a result, the Reporting Person held 24,153 Common Units after giving effect to the delivery of 247,928 Common Units to satisfy its obligations under the grant agreements less 119,871 Common Units that were withheld by the Reporting Person for tax purposes prior to such delivery.
Signature
Erin Powers Brennan, Attorney-in-Fact for Global GP LLC|2026-02-27