Matthew Spencer - 05 Jan 2026 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Accounting Officer
Signature
Erin Powers Brennan, Attorney-in-Fact for Matthew Spencer
Issuer symbol
GLP
Transactions as of
05 Jan 2026
Net transactions value
-$88,090
Form type
4
Filing time
07 Jan 2026, 16:36:38 UTC
Previous filing
06 May 2025
Next filing
27 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Spencer Matthew Chief Accounting Officer C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM Erin Powers Brennan, Attorney-in-Fact for Matthew Spencer 07 Jan 2026 0001727286

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Options Exercise $0 +2,624 +6.1% $0.000000 45,460 05 Jan 2026 Direct F1, F2
transaction GLP Common units representing limited partner interests Tax liability $38,837 -919 -2% $42.26 44,541 05 Jan 2026 Direct F3
transaction GLP Common units representing limited partner interests Options Exercise $0 +2,205 +5% $0.000000 46,746 05 Jan 2026 Direct F1, F4
transaction GLP Common units representing limited partner interests Tax liability $27,596 -653 -1.4% $42.26 46,093 05 Jan 2026 Direct F3
transaction GLP Common units representing limited partner interests Options Exercise $0 +1,719 +3.7% $0.000000 47,812 06 Jan 2026 Direct F1, F5
transaction GLP Common units representing limited partner interests Tax liability $21,657 -504 -1.1% $42.97 47,308 06 Jan 2026 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLP Phantom Units Options Exercise $0 -2,624 -100% $0.000000 0 05 Jan 2026 Common units representing limited partner interests 2,624 $0.000000 Direct F2, F6
transaction GLP Phantom Units Options Exercise $0 -2,205 -50% $0.000000 2,204 05 Jan 2026 Common units representing limited partner interests 2,205 $0.000000 Direct F4, F6
transaction GLP Phantom Units Options Exercise $0 -1,719 -33% $0.000000 3,438 06 Jan 2026 Common units representing limited partner interests 1,719 $0.000000 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 March 3, 2023, the Reporting Person was granted 7,868 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested as follows: one-third on January 5, 2024, one-third on January 5, 2025 and one-third on January 5, 2026.
F3 Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
F4 Pursuant to a Grant Agreement dated March 25, 2024, the Reporting Person was granted 6,614 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 6, 2025, one-third on January 5, 2026 and one-third on January 5, 2027.
F5 Pursuant to a Grant Agreement dated February 26, 2025, the Reporting Person was granted 5,157 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 6, 2026, one-third on January 6, 2027 and one-third on January 6, 2028.
F6 Each Phantom Unit is the economic equivalent of one Common Unit.