4/A: Global Partners LP: Eric Slifka Amends Form 4 to Include Phantom Unit Grant

Eric Slifka, Vice Chairman, President & CEO of Global Partners LP, amends his Form 4 filing to include a grant of 45,126 phantom units.

Summary

• Eric Slifka, Vice Chairman, President & CEO of Global Partners LP, filed an amended Form 4 with the SEC.
• The amendment includes a grant of 45,126 phantom units, which were not initially reported in the original filing on February 28, 2025.
• These phantom units, granted on February 26, 2025, represent the right to receive one common unit upon vesting.
• The phantom units will vest in three equal installments: one-third on January 6, 2026, one-third on January 6, 2027, and one-third on January 7, 2028.
• Slifka directly owns 659,944 common units representing limited partner interests.
• Slifka indirectly owns 570,408 common units through family trusts, 564,984 through Larea Holdings LLC, and 1,831,957 through the Alfred A. Slifka 1990 Trust Under Article II-A.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The grant of phantom units is generally viewed positively as it aligns management's interests with shareholders.

Positives

• The grant of phantom units to the CEO aligns his interests with those of the limited partners.
• The vesting schedule encourages long-term performance and retention.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The grant of phantom units aligns management's interests with those of the limited partners, potentially leading to better long-term performance.
• Increased transparency regarding insider ownership benefits shareholders.

Key Dates