Global GP LLC 4
4 · GLOBAL PARTNERS LP · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
Global Partners LP (GLP) General Partner Delivers 3,393 Units, Withholds 1,640
What Happened
Global GP LLC (the General Partner of Global Partners LP, ticker GLP) delivered 3,393 common units to satisfy LTIP grant obligations and withheld 1,640 common units to cover tax withholding. The transactions are reported as an Other disposition (3,393 units) and an Other acquisition/withholding (1,640 units) at $45.86 per unit — totals shown as $155,603 and $75,210, respectively. These are internal compensation actions (delivery and withholding), not open-market buys or sells.
Key Details
- Transaction date: April 14, 2026; reported price per unit: $45.86 (per filing). Footnote states price equals issuer's closing price on April 13, 2026.
- Disposed (delivered) 3,393 Common Units for $155,603; Withheld 1,640 Common Units for $75,210.
- Shares owned after the transactions: 22,400 Common Units (after delivering 3,393 and withholding 1,640).
- Footnotes: transactions were to satisfy obligations under the Global Partners LP Long-Term Incentive Plan (LTIP); the Reporting Person disclaims pecuniary/beneficial ownership for Section 16 purposes; withholding was used to satisfy tax obligations.
- Filing timing: transaction occurred April 14, 2026; Form 4 was filed April 27, 2026 — later than the typical 2-business-day filing window for Form 4s (the filing appears delayed).
Context
These entries reflect compensation-plan mechanics (delivery of units to satisfy grant obligations and withholding of units for taxes) rather than an open-market endorsement or divestiture by an individual insider. The reporting entity also disclaims beneficial ownership in the units, per the filing.
Insider Transaction Report
- Other
Common units representing limited partner interests
[F1][F2]2026-04-14$45.86/sh−3,393$155,603→ 20,760 total - Other
Common units representing limited partner interests
[F4][F2][F3]2026-04-14$45.86/sh+1,640$75,210→ 22,400 total
Footnotes (4)
- [F1]The Reporting Person is delivering common units representing limited partner interests in the Issuer ("Common Units") under the Global Partners LP Long-Term Incentive Plan ("LTIP") to satisfy its obligations pursuant to a grant agreement dated April 14, 2025.
- [F2]The Issuer's closing price on April 13, 2026 (the last business day immediately prior to vesting).
- [F3]The Reporting Person disclaims any pecuniary interest in the Common Units and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the Common Units for purposes of Section 16.
- [F4]The Reporting Person withheld Common Units from the grant award recipient who elected a cashless exercise to satisfy their respective tax withholding obligations. As a result, the Reporting Person held 22,400 Common Units after giving effect to the delivery of 3,393 Common Units to satisfy its obligations under the grant agreements less 1,640 Common Units that were withheld by the Reporting Person for tax purposes prior to such delivery.