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GLOBAL PARTNERS LP·4

Mar 2, 4:38 PM ET

OWENS ROBERT W 4

Research Summary

AI-generated summary

Updated

GLOBAL PARTNERS (GLP) Director Robert W. Owens Receives Award

What Happened

Robert W. Owens, a director of Global Partners LP (GLP), was granted 3,618 phantom units on February 26, 2026. The grant is a derivative award recorded at $0 (acquired price $0) and does not represent immediate common units or open‑market purchases or sales.

Key Details

  • Transaction date: February 26, 2026; filing date (Form 4): March 2, 2026 — later than the standard 2-business-day filing deadline for Form 4s.
  • Grant: 3,618 Phantom Units (derivative award), acquisition price reported $0.
  • Vesting: Per the Grant Agreement, 100% of the Phantom Units vest on January 6, 2027.
  • Conversion: Each Phantom Unit converts one-for-one into a common unit upon vesting (per footnote).
  • Shares owned after transaction: Not disclosed in the excerpt provided.
  • No 10b5-1 plan, tax‑withholding, or immediate cash exercise/sale was reported in the provided details.

Context

Phantom units are a form of equity compensation that convert into actual common units only upon vesting; they do not represent immediate economic ownership or open‑market buying/selling. Grants to directors are common as part of compensation programs and do not, by themselves, indicate the insider is buying or selling stock in the market.