Global Partners GP buys 15,000 GLP units
Global GP LLC, the general partner of GLP, bought 15,000 common units in open-market trades to meet Long-Term Incentive Plan obligations while disclaiming beneficial ownership.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
GLOBAL PARTNERS LP (GLP) reports that its general partner, Global GP LLC, purchased a total of 15,000 common units representing limited partner interests in three open-market transactions on September 14–16, 2026. The units were bought to satisfy obligations under the Global Partners LP Long-Term Incentive Plan, and Global GP LLC disclaims pecuniary interest and beneficial ownership of these securities.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 15,000 shares
Net Buy
3 txns
Insider
Global GP LLC
Role
Insider
Bought
15,000 shs ($768K)
Increase in Position
10.2%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common units representing limited partner interests F1, F4 | 5,000 | $50.55 | $253K |
| Purchase | Common units representing limited partner interests F1, F3 | 5,000 | $50.89 | $254K |
| Purchase | Common units representing limited partner interests F1, F2 | 5,000 | $52.20 | $261K |
Holdings After Transaction:
Common units representing limited partner interests — 161,584 shares (Direct)
Holdings Before and After:
Common units representing limited partner interests, 146,584 to 161,584 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 $51.94 to $52.28, 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 $50.59 to $51.17, 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 $50.15 to $50.98, 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
Units purchased September 14, 2026: 5,000 common units
Weighted average price September 14, 2026: $52.20 per unit
Weighted average price September 15, 2026: $50.89 per unit
+3 more
6 metrics
Units purchased September 14, 2026
5,000 common units
Non-derivative open-market purchase of GLP common units
Weighted average price September 14, 2026
$52.20 per unit
Common units bought in multiple trades at $51.94–$52.28
Weighted average price September 15, 2026
$50.89 per unit
Common units bought in multiple trades at $50.59–$51.17
Weighted average price September 16, 2026
$50.55 per unit
Common units bought in multiple trades at $50.15–$50.98
Total units purchased
15,000 common units
Sum of three 5,000-unit purchases on September 14–16, 2026
Rule 10b5-1 plan status
No Rule 10b5-1 plan reported
Document-level 10b5-1 checkbox is not affirmed
Key Terms
Long-Term Incentive Plan, weighted average price, pecuniary interest, beneficial owner
4 terms
Long-Term Incentive Plan financial
"obligations pursuant to 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 regulatory
"shall not be deemed an admission that the reporting person is the beneficial owner"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GLP report in this Form 4?
GLOBAL PARTNERS LP reported that its general partner, Global GP LLC, purchased 15,000 common units representing limited partner interests in three open-market transactions on September 14, 15, and 16, 2026. These are non-derivative acquisitions of common units.
How many GLP units did Global GP LLC buy and on which dates?
Global GP LLC bought 5,000 GLP common units on each of September 14, 15, and 16, 2026, for a total of 15,000 units. All transactions involved common units representing limited partner interests.
At what prices were the GLP units purchased in this Form 4?
Reported weighted average prices per unit were $52.20 on September 14, $50.89 on September 15, and $50.55 on September 16, 2026. Footnotes state these are weighted averages over ranges of $51.94–$52.28, $50.59–$51.17, and $50.15–$50.98, respectively.
Why did Global GP LLC purchase GLP common units?
The filing states that 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 units are thus intended to fulfill existing LTIP award obligations.
Does Global GP LLC claim beneficial ownership of the GLP units purchased?
No. A footnote states that Global GP LLC disclaims any pecuniary interest in these securities and that the report shall not be deemed an admission that it is the beneficial owner of the securities for purposes of Section 16.
Were the GLP insider purchases made under a Rule 10b5-1 trading plan?
The filing indicates that the Rule 10b5-1 checkbox is not affirmed, and no footnote describes a Rule 10b5-1 or pre-arranged trading plan. Based on this, no Rule 10b5-1 plan is reported for these transactions.
Does the Form 4 disclose Global GP LLC’s total GLP holdings after these purchases?
No post-transaction holdings figure is reported in the transaction rows; the total units following the transactions fields are left blank. The Form 4 only discloses the 15,000 units acquired and related pricing and purpose information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
