Kelly Clare McGrory 4

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.