Global GP LLC 4
4 · GLOBAL PARTNERS LP · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Global Partners (GLP) General Partner Buys 10,000 Common Units
What Happened
Global GP LLC, the general partner of Global Partners LP (GLP), made two open-market purchases (code P) totaling 10,000 common units. On 2026-06-04 it acquired 5,000 units at a weighted average price of $49.50 (≈ $247,500) and on 2026-06-08 it acquired 5,000 units at a weighted average price of $49.29 (≈ $246,450), for a combined cash outlay of about $493,950. These purchases were reported on a Form 4 filed 2026-06-08.
Key Details
- Transaction dates and prices:
- 2026-06-04: 5,000 common units at $49.50 (weighted avg) — $247,500.
- 2026-06-08: 5,000 common units at $49.29 (weighted avg) — $246,450.
- Price ranges reported in footnotes:
- 6/4 purchases occurred at prices between $49.03 and $49.83 (footnote F2).
- 6/8 purchases occurred at prices between $48.87 and $50.00 (footnote F3).
- Purpose: Purchases were made to satisfy obligations under the Global Partners LP Long-Term Incentive Plan (LTIP) for awards previously granted to directors and officers (footnote F1).
- Ownership/disclaimer: The reporting person disclaims any pecuniary interest and states this report is not an admission that it is the beneficial owner of the securities (F1).
- Shares owned after transaction: not specified in the provided filing.
- Timeliness: Form 4 was filed on 2026-06-08; transactions dated 2026-06-04 and 2026-06-08 were reported timely.
Context
While purchases can be viewed as a bullish signal, these buys were executed specifically to satisfy LTIP award obligations for directors and officers rather than discretionary investment by an individual insider. The reporting person’s disclaimer indicates the purchases were transactional in nature and may not reflect personal economic interest.
Insider Transaction Report
- Purchase
Common units representing limited partner interests
[F1][F2]2026-06-04$49.50/sh+5,000$247,500→ 111,584 total - Purchase
Common units representing limited partner interests
[F1][F3]2026-06-08$49.29/sh+5,000$246,450→ 116,584 total
Footnotes (3)
- [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 $49.03 to $49.83, 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 $48.87 to $50.00, 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.