Kelly Clare McGrory 4
4 · GLOBAL PARTNERS LP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
GLOBAL PARTNERS (GLP) Director Kelly McGrory Receives Award
What Happened
Kelly Clare McGrory, a director of Global Partners LP (GLP), was granted 3,618 phantom units on February 26, 2026. The units were awarded at $0.00 (no cash purchase) and are derivative awards that convert one-for-one into common units upon vesting. This is a grant/award (not an open-market purchase or sale).
Key Details
- Transaction date: February 26, 2026; Filing date: March 2, 2026 (filed within the required reporting window).
- Award: 3,618 Phantom Units granted at $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 on a one-for-one basis upon vesting.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- No 10b5‑1 plan, tax-withholding sale, or immediate sale indicated in this filing.
Context
This is a compensation award for a director that will become common units only if and when the vesting condition is met; it does not reflect an immediate cash purchase or sale. Such grants are routinely used for director compensation and should be viewed as compensation-related rather than a direct buy/sell signal.
Insider Transaction Report
- Award
Phantom Units
[F1][F2]2026-02-26+3,618→ 3,618 totalExercise: $0.00→ Common units representing limited partner interests (3,618 underlying)
- 8,813
Common units representing limited partner interests
Footnotes (2)
- [F1]Each phantom unit representing the right to receive one common unit upon vesting ("Phantom Unit") converts into a common unit representing a limited partner interest in the Issuer ("Common Unit") on a one-for-one basis.
- [F2]Pursuant to a Grant Agreement dated February 26, 2026, the Reporting Person was granted 3,618 Phantom Units. Upon satisfying the vesting conditions set forth in the Grant Agreement, 100% of the Phantom Units granted will vest on January 6, 2027.