Global GP LLC 4
4 · GLOBAL PARTNERS LP · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Global Partners (GLP) General Partner Buys 10,000 Shares
What Happened
Global GP LLC, the general partner of Global Partners LP (GLP), acquired a total of 10,000 common units in two open-market purchases: 5,000 units on June 9, 2026 at a weighted-average price of $49.44 (≈ $247,200) and 5,000 units on June 10, 2026 at a weighted-average price of $50.17 (≈ $250,850). Total consideration for the purchases was about $498,050. These were purchases (a bullish-type transaction in that they increase holdings rather than decrease them), but the filing notes the purchases were made to satisfy obligations under the partnership’s Long-Term Incentive Plan (LTIP).
Key Details
- Transaction dates and prices:
- 2026-06-09: 5,000 units @ weighted-average $49.44 (prices in range $49.09–$49.87 per footnote)
- 2026-06-10: 5,000 units @ weighted-average $50.17 (prices in range $49.87–$50.50 per footnote)
- Total purchased: 10,000 common units for ≈ $498,050.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: Purchases were made by Global GP LLC to satisfy LTIP award obligations for directors/officers; the reporting person disclaims pecuniary interest and does not claim beneficial ownership for Section 16 purposes.
- F2/F3: Reported prices are weighted averages across multiple trades; the filer can provide per-trade breakdowns on request.
- Timeliness: Filed on 2026-06-11 for transactions on 2026-06-09 and 2026-06-10 — the filing appears timely (no late-filing flag).
Context
- These buys were executed by the partnership’s general partner to fulfill LTIP obligations (i.e., to satisfy awards previously granted to directors and officers), which may reflect plan administration rather than a personal investment decision by an individual insider.
- Purchases increase position size on the partnership level; because the filer disclaims beneficial ownership, this filing should be read as reporting plan-related activity rather than a direct insider endorsement.
Insider Transaction Report
- Purchase
Common units representing limited partner interests
[F1][F2]2026-06-09$49.44/sh+5,000$247,200→ 121,584 total - Purchase
Common units representing limited partner interests
[F1][F3]2026-06-10$50.17/sh+5,000$250,850→ 126,584 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 $49.09 to $49.87, 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 $49.87 to $50.50, 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.