4/A: Global Partners LP: CFO Gregory B. Hanson Amends Form 4 to Include Phantom Units

Gregory B. Hanson, CFO of Global Partners LP, amends his Form 4 filing to include the grant of 15,472 phantom units.

Summary

• Gregory B. Hanson, the Chief Financial Officer of Global Partners LP, filed an amended Form 4 with the SEC.
• The amendment, dated March 14, 2025, updates a previous filing from February 28, 2025.
• The update includes the grant of 15,472 phantom units to Hanson, as per a Grant Agreement dated February 26, 2025.
• These phantom units convert into common units representing limited partner interests on a one-for-one basis upon vesting.
• The phantom units will vest in three tranches: one-third on January 6, 2026, one-third on January 6, 2027, and the final third on January 7, 2028.
• Following the reported transaction, Hanson directly owns 15,472 derivative securities in the form of phantom units and 50,341 common units representing limited partner interests.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. The granting of phantom units is generally viewed as a positive incentive for management.

Positives

• The grant of phantom units aligns the CFO's interests with those of the company's shareholders, incentivizing long-term performance.

Future Outlook

The phantom units will vest over a three-year period, suggesting a commitment to long-term value creation.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. The granting of phantom units is a common practice to incentivize executives.

Stakeholder Impact

• The granting of phantom units could positively impact shareholders by aligning management's interests with the company's long-term performance.

Key Dates