Slifka Eric 4
4 · GLOBAL PARTNERS LP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
GLOBAL PARTNERS (GLP) Eric Slifka Receives Award, Withholds Shares
What Happened
Eric Slifka, a 10% owner of Global Partners LP (GLP), received 128,756 common units on Feb 25, 2026 (settlement of performance awards) and had 62,253 of those common units withheld to satisfy tax obligations—those withheld units were recorded as a disposition valued at $48.19 each (total ≈ $2,999,972). On Feb 26, 2026 he was also granted 66,208 phantom units (derivative award) that convert to common units if and when they vest.
Key Details
- Transactions: Feb 25, 2026 — Acquisition of 128,756 common units (award/settlement); Feb 25, 2026 — 62,253 units withheld for tax (reported as disposition) at $48.19 each (~$2,999,972); Feb 26, 2026 — Grant of 66,208 phantom units (derivative).
- Footnotes: Performance units earned at 200% of target and settled in common units; withheld units satisfy the reporting person’s tax withholding obligations. Phantom units convert one-for-one to common units upon vesting.
- Vesting for the 66,208 phantom units: one-third on Jan 5, 2027, one-third on Jan 5, 2028, and one-third on Jan 5, 2029.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing: Form filed Feb 27, 2026 for transactions on Feb 25–26, 2026 (appears timely under Form 4 reporting rules).
Context: The 62,253-unit disposition is a tax-withholding action (routine) rather than an open-market sale, and therefore is not necessarily a bearish signal. The 66,208 phantom units are contingent/derivative awards that will convert to common units only if vesting conditions are met. As a 10% owner, Slifka’s filings reflect large-holder activity rather than routine executive stock trades.
Insider Transaction Report
- Award
Common units representing limited partner interests
[F1][F2]2026-02-25+128,756→ 160,004 total - Tax Payment
Common units representing limited partner interests
[F3]2026-02-25$48.19/sh−62,253$2,999,972→ 97,751 total - Award
Phantom Units
[F1][F4]2026-02-26+66,208→ 66,208 totalExercise: $0.00→ Common units representing limited partner interests (66,208 underlying)
- 1,264,383(indirect: By Trust)
Common units representing limited partner interests
- 564,984(indirect: By LLC)
Common units representing limited partner interests
- 1,831,957(indirect: By Trust)
Common units representing limited partner interests
Footnotes (4)
- [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]Represents Common Units representing a limited partner interest in the Issuer that were earned under an award of performance phantom units ("Performance Units"), granted to the Reporting Person on August 22, 2023. Each Performance Unit represents a contingent right to receive one Common Unit, subject to the Issuer's level of achievement with respect to the certain distributable cash flow performance goal for the applicable performance period. Pursuant to the terms of the award agreement, the Reporting Person earned 200% of the target number of Performance Units, all of which settled in Common Units.
- [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 February 26, 2026, the Reporting Person was granted 66,208 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units granted will vest as follows: one-third on January 5, 2027, one-third on January 5, 2028 and one-third on January 5, 2029.