Global GP LLC 4
4 · GLOBAL PARTNERS LP · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Global Partners (GLP) General Partner Buys 15,000 Shares
What Happened
Global GP LLC (the General Partner) made three open-market purchases of Global Partners LP (GLP) common units: 5,000 units on 2026-06-01 at $48.41 ($242,050), 5,000 units on 2026-06-02 at $49.19 ($245,950), and 5,000 units on 2026-06-03 at $49.42 (~$247,100). Total acquired: 15,000 units for approximately $735,100. These were purchases (a bullish-type transaction in that shares were acquired), but the filing notes the purchases were made to satisfy obligations under the company’s Long-Term Incentive Plan (LTIP).
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-06-01 — 5,000 units @ $48.41 (weighted avg; underlying trades ranged $48.20–$48.93) — ~$242,050 (Footnote F2)
- 2026-06-02 — 5,000 units @ $49.19 (weighted avg; underlying trades ranged $48.78–$49.47) — ~$245,950 (Footnote F3)
- 2026-06-03 — 5,000 units @ $49.42 (weighted avg; underlying trades ranged $48.99–$49.75) — ~$247,100 (Footnote F4)
- Total acquired: 15,000 common units for ~ $735,100.
- Purpose/ownership note (Footnote F1): Purchases were made to satisfy LTIP award obligations for directors and officers; the reporting person disclaims a pecuniary/beneficial ownership interest under Section 16.
- Shares owned after the transactions: Not disclosed in this Form 4.
- Filing timeliness: Reported period 2026-06-01, filed 2026-06-03 — appears timely (no late filing indicated).
Context
Because the purchases were made by the General Partner specifically to satisfy LTIP award obligations and the filer disclaims beneficial ownership, these buys may reflect administrative plan-related activity rather than a direct insider investment signal. Retail investors should note purchases are factual (shares were acquired) but the LTIP/beneficial-ownership disclaimers limit how much inference one can draw about the General Partner’s market view.
Insider Transaction Report
- Purchase
Common units representing limited partner interests
[F1][F2]2026-06-01$48.41/sh+5,000$242,050→ 96,584 total - Purchase
Common units representing limited partner interests
[F1][F3]2026-06-02$49.19/sh+5,000$245,950→ 101,584 total - Purchase
Common units representing limited partner interests
[F1][F4]2026-06-03$49.42/sh+5,000$247,100→ 106,584 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 $48.20 to $48.93, 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 $48.78 to $49.47, 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 $48.99 to $49.75, 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.