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GLOBAL PARTNERS LP·4

Mar 2, 4:33 PM ET

HAILER JOHN T 4

Research Summary

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GLOBAL PARTNERS (GLP) Director John T. Hailer Receives Award

What Happened
John T. Hailer, a director of GLOBAL PARTNERS LP (GLP), received a grant of 3,618 phantom units on February 26, 2026. The grant price is $0.00 (derivative award); the units are phantom units that convert one-for-one into common units upon vesting. No cash was exchanged at grant.

Key Details

  • Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (within standard two-business-day window).
  • Award: 3,618 Phantom Units; grant price reported as $0.00 (derivative award).
  • Vesting: 100% of the Phantom Units vest on January 6, 2027 per the Grant Agreement.
  • Conversion: Each Phantom Unit converts into one common unit (one-for-one) upon vesting (per footnote).
  • Shares owned after transaction: not specified in the filing.

Context
This is an equity award (derivative grant) rather than a market purchase or sale; it does not indicate an immediate buy or sell of stock. The economic interest will only materialize if and when the phantom units vest and convert to common units on the stated vesting date.