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GLOBAL PARTNERS LP·4

May 20, 5:40 PM ET

Global GP LLC 4

Research Summary

AI-generated summary

Updated

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.