Global GP LLC 4
4 · GLOBAL PARTNERS LP · Filed Jun 16, 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), purchased a total of 10,000 common units in two open-market transactions — 5,000 units on 2026-06-12 at a weighted average price of $46.50 ($232,500) and 5,000 units on 2026-06-15 at a weighted average price of $46.69 ($233,450). Total consideration for the purchases was $465,950. These were purchases (not sales), which are generally viewed as a more informative signal than routine sales.
Key Details
- Transaction dates and reported prices:
- 2026-06-12: Purchase of 5,000 units at $46.50 (weighted avg; actual trades ranged $45.90–$47.00 per footnote)
- 2026-06-15: Purchase of 5,000 units at $46.69 (weighted avg; actual trades ranged $46.25–$47.14 per footnote)
- Total units acquired: 10,000; total value: $465,950.
- Shares owned after transaction: Not specified in the provided filing.
- Purpose/footnotes:
- Footnote F1: Units were purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan (LTIP) for awards previously granted to directors and officers. The reporting person disclaims pecuniary interest and says this should not be taken as an admission of beneficial ownership under Section 16.
- Footnotes F2/F3: Reported prices are weighted averages; the filer can provide a breakdown of prices upon request.
- Filing timeliness: Reported on 2026-06-16. Based on the trade dates (6/12 and 6/15), the Form 4 appears timely.
Context
These purchases were made by the general partner entity to satisfy LTIP award obligations — an administrative buy to deliver units for compensation awards rather than a clear personal directional trade by an individual executive. While purchases can be a positive signal, this filing primarily documents an LTIP-related acquisition by the partnership entity.
Insider Transaction Report
- Purchase
Common units representing limited partner interests
[F1][F2]2026-06-12$46.50/sh+5,000$232,500→ 131,584 total - Purchase
Common units representing limited partner interests
[F1][F3]2026-06-15$46.69/sh+5,000$233,450→ 136,584 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 $45.90 to $47.00, 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 (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 $46.25 to $47.14, 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.