Global GP LLC 4
4 · GLOBAL PARTNERS LP · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Global Partners (GLP) General Partner Buys 25,000 Shares
What Happened
Global GP LLC, the general partner of Global Partners LP (GLP), purchased a total of 25,000 common units in open-market transactions between May 18 and May 20, 2026, for aggregate consideration of approximately $1,247,875. The purchases were: 7,500 units on 2026-05-18 at a weighted avg $48.86 ($366,450); 7,500 units on 2026-05-19 at a weighted avg $49.27 ($369,525); and 10,000 units on 2026-05-20 at a weighted avg $51.19 ($511,900). These were purchases (code P), which are generally treated as a bullish signal, though context below is important.
Key Details
- Transaction dates and prices:
- 2026-05-18: 7,500 units @ weighted avg $48.86 (range $48.78–$49.26) — $366,450 (see footnote F2)
- 2026-05-19: 7,500 units @ weighted avg $49.27 (range $48.53–$50.05) — $369,525 (see footnote F3)
- 2026-05-20: 10,000 units @ weighted avg $51.19 (range $50.98–$51.74) — $511,900 (see footnote F4)
- Total purchased: 25,000 common units for ~$1,247,875.
- Shares owned after transaction: not specified in the excerpt of the filing.
- Notable footnotes:
- F1: Purchases were made to satisfy obligations under the Global Partners LP Long-Term Incentive Plan (LTIP); the reporting person disclaims pecuniary interest and disclaims being the beneficial owner for Section 16 purposes.
- F2–F4: Prices reported are weighted averages; the filing discloses price ranges for the multiple executions and offers to provide per-trade breakdowns on request.
- Timeliness: Form 4 was filed on 2026-05-20 for transactions occurring May 18–20, 2026; the filing appears timely (no late-filing flag).
Context
These open-market purchases were made by the general partner to satisfy LTIP award obligations to directors and officers, per the filing. Because the reporting entity disclaims a pecuniary interest and beneficial ownership for Section 16 purposes, these buys may reflect plan-related mechanics rather than a clear personal investment decision by an individual insider. Retail investors should note the purchases increased on‑market demand but interpret them in light of the LTIP purpose.
Insider Transaction Report
- Purchase
Common units representing limited partner interests
[F1][F2]2026-05-18$48.86/sh+7,500$366,450→ 44,900 total - Purchase
Common units representing limited partner interests
[F1][F3]2026-05-19$49.27/sh+7,500$369,525→ 52,400 total - Purchase
Common units representing limited partner interests
[F1][F4]2026-05-20$51.19/sh+10,000$511,900→ 62,400 total
Footnotes (4)
- [F1]Global GP LLC is purchasing common units for the purpose of satisfying obligations pursuant to awards previously granted to directors and officers under the Global Partners LP Long-Term Incentive Plan ("LTIP"). The reporting person disclaims any pecuniary interest in these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16.
- [F2]The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $48.78 to $49.26, inclusive. The reporting person undertakes to provide to Global Partners LP, any security holder of Global Partners LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (2) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $48.53 to $50.05, inclusive. The reporting person undertakes to provide to Global Partners LP, any security holder of Global Partners LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (3) to this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $50.98 to $51.74, inclusive. The reporting person undertakes to provide to Global Partners LP, any security holder of Global Partners LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (4) to this Form 4.