Global Partners GP buys 15,000 common units
Global Partners LP’s general partner, Global GP LLC, reported open-market purchases of a total of 15,000 common units representing limited partner interests over three days.
Rhea-AI Filing Summary
Global Partners LP’s general partner, Global GP LLC, reported open-market purchases of a total of 15,000 common units representing limited partner interests over three days. It bought 5,000 units on each of June 1 at $48.41, June 2 at $49.19, and June 3 at $49.42 per unit. Following the last purchase, Global GP LLC directly holds 106,584 common units. According to the disclosure, these units are being acquired to satisfy obligations under the Global Partners LP Long-Term Incentive Plan, and Global GP LLC disclaims any pecuniary interest and beneficial ownership for Section 16 purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,000 shares
Net Buy
3 txns
Insider
Global GP LLC
Role
Insider
Bought
15,000 shs ($735K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common units representing limited partner interests | 5,000 | $49.42 | $247K |
| Purchase | Common units representing limited partner interests | 5,000 | $49.19 | $246K |
| Purchase | Common units representing limited partner interests | 5,000 | $48.41 | $242K |
Holdings After Transaction:
Common units representing limited partner interests — 106,584 shares (Direct)
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.
Key Figures
Total units purchased: 15,000 units
June 1 purchase: 5,000 units at $48.41
June 2 purchase: 5,000 units at $49.19
+2 more
5 metrics
Total units purchased
15,000 units
Open-market buys across June 1–3, 2026
June 1 purchase
5,000 units at $48.41
Common units, open-market transaction
June 2 purchase
5,000 units at $49.19
Common units, open-market transaction
June 3 purchase
5,000 units at $49.42
Common units, open-market transaction
Holdings after transactions
106,584 units
Direct holdings after June 3, 2026 trade
Key Terms
Long-Term Incentive Plan, weighted average price, pecuniary interest, beneficial owner, +1 more
5 terms
Long-Term Incentive Plan financial
"awards previously granted to directors and officers under the Global Partners LP Long-Term Incentive Plan ("LTIP")"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"The reporting person disclaims any pecuniary interest in these securities"
beneficial owner financial
"not be deemed an admission that the reporting person is the beneficial owner of the securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 16 regulatory
"beneficial owner of the securities for the purpose of Section 16."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Global GP LLC report for GLP?
Global GP LLC reported three open-market purchases totaling 15,000 common units. The general partner bought 5,000 units on each of June 1, June 2, and June 3 at prices between $48.41 and $49.42 per unit, increasing its direct holdings.
At what prices did Global GP LLC buy Global Partners (GLP) common units?
Global GP LLC purchased 5,000 GLP units at each of three weighted-average prices. The reported averages were $48.41 per unit on June 1, $49.19 on June 2, and $49.42 on June 3 in open-market transactions.
How many Global Partners (GLP) units does Global GP LLC hold after these trades?
After the June 3 purchase, Global GP LLC directly holds 106,584 GLP common units. This post-transaction figure reflects the cumulative impact of buying 15,000 units across three consecutive days, as disclosed in the Form 4 filing.
Why is Global GP LLC buying GLP units according to the filing?
The purchases are intended to satisfy obligations under the Global Partners LP Long-Term Incentive Plan. The filing states that Global GP LLC is acquiring the units for awards previously granted to directors and officers under the LTIP, not for its own economic gain.
Does Global GP LLC claim beneficial ownership of the purchased GLP units?
No, Global GP LLC disclaims pecuniary interest and beneficial ownership. The footnote explains that the purchases support LTIP obligations and that the reporting person does not admit beneficial ownership of these securities for Section 16 purposes despite reporting the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
