Global GP LLC 4

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.