Global GP LLC buys 10,000 Global Partners units
Global GP LLC, the general partner of Global Partners LP, purchased a total of 10,000 common units representing limited partner interests in open-market transactions on two consecutive days.
Rhea-AI Filing Summary
Global GP LLC, the general partner of Global Partners LP, purchased a total of 10,000 common units representing limited partner interests in open-market transactions on two consecutive days. The units were bought at weighted average prices of $49.44 and $50.17 per unit across price ranges from $49.09 to $50.50.
According to the disclosure, Global GP LLC is purchasing these common units to satisfy obligations under previously granted awards in the Global Partners LP Long-Term Incentive Plan, and it disclaims any pecuniary interest in the securities. Following these transactions, it is reported as holding 126,584 common units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
2 txns
Insider
Global GP LLC
Role
Insider
Bought
10,000 shs ($498K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common units representing limited partner interests | 5,000 | $50.17 | $251K |
| Purchase | Common units representing limited partner interests | 5,000 | $49.44 | $247K |
Holdings After Transaction:
Common units representing limited partner interests — 126,584 shares (Direct)
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.
Key Figures
First purchase size: 5,000 units
First purchase price: $49.44 per unit
Second purchase size: 5,000 units
+5 more
8 metrics
First purchase size
5,000 units
Common units bought on June 9 in open market
First purchase price
$49.44 per unit
Weighted average price for June 9 trades
Second purchase size
5,000 units
Common units bought on June 10 in open market
Second purchase price
$50.17 per unit
Weighted average price for June 10 trades
Holdings after transactions
126,584 units
Common units representing limited partner interests
Lower price range
$49.09–$49.87
Range for the June 9 weighted average purchase
Higher price range
$49.87–$50.50
Range for the June 10 weighted average purchase
Total net shares bought
10,000 units
Net buy across two open-market transactions
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"
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
"shall 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.
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Global GP LLC report for Global Partners LP (GLP)?
Global GP LLC reported buying 10,000 Global Partners LP common units in two open-market purchases. The trades occurred on June 9 and June 10 at weighted average prices around $49–$50 per unit, increasing its reported holdings to 126,584 units.
At what prices did Global GP LLC purchase GLP common units?
Global GP LLC bought 5,000 GLP units at a weighted average price of $49.44 and another 5,000 at $50.17. The filing notes price ranges of $49.09–$49.87 and $49.87–$50.50 across multiple individual trades.
How many Global Partners LP (GLP) units does Global GP LLC hold after these trades?
After the reported purchases, Global GP LLC is shown holding 126,584 Global Partners LP common units. This total reflects the addition of 10,000 units acquired in the two June transactions disclosed in the Form 4 filing.
Why did Global GP LLC buy GLP units according to the Form 4 footnotes?
The filing states Global GP LLC is purchasing GLP common units to satisfy obligations under awards previously granted to directors and officers through the Long-Term Incentive Plan. It also disclaims any pecuniary interest or beneficial ownership for Section 16 purposes.
Does Global GP LLC treat these GLP purchases as beneficial ownership?
No. The footnote explains that Global GP LLC disclaims any pecuniary interest in the purchased GLP units. The report states it should not be deemed an admission that Global GP LLC is the beneficial owner of these securities for Section 16 purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
