Global Partners LP enters new employment agreements with five executives through 2027

GLOBAL PARTNERS LP

New agreements effective Jan 1, 2025 for CEO Eric Slifka, CFO Gregory Hanson, COO Mark Romaine, CLO Sean Geary, and SVP Matthew Spencer.
Base salaries: Slifka $1.1M, Hanson $575k, Romaine $700k, Geary $500k, Spencer $350k.
Term runs through Dec 31, 2027 with automatic extension to April 15, 2028 for renewal negotiations.
STIP target set by Compensation Committee; payout range 0-200% of target with 50% linked to EBITDA and Distributable Cash Flow.
Enhanced severance: 200% base salary and STIP target for termination without cause or constructive termination (300% for Slifka after change in control).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.