Global Partners COO sells 3,697 common units
GLOBAL PARTNERS LP Chief Operating Officer Romaine Mark reported open-market sales of 3,697 common units representing limited partner interests.
Rhea-AI Filing Summary
GLOBAL PARTNERS LP Chief Operating Officer Romaine Mark reported open-market sales of 3,697 common units representing limited partner interests. The sales occurred over three days at prices around $47.50–$48.03 per unit. After these transactions, he directly holds 162,660 common units, indicating he retains the vast majority of his position.
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Insights
COO executes modest open-market sales while retaining a large remaining stake.
Romaine Mark, Chief Operating Officer of GLOBAL PARTNERS LP, executed three open-market sales totaling 3,697 common units. The trades were reported at prices near $47.50–$48.03 per unit and are classified as non-derivative, straightforward disposals.
Following these sales, he directly owns 162,660 common units, so the transactions represent only a small fraction of his visible holdings. Footnotes state that some units were sold at weighted average prices within specified intraday ranges, reflecting multiple individual trades aggregated for reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Units representing limited partner interests | 900 | $47.50 | $43K |
| Sale | Common Units representing limited partner interests | 1,148 | $47.56 | $55K |
| Sale | Common Units representing limited partner interests | 1,649 | $48.03 | $79K |
Footnotes (2)
- F1. Common Units representing limited partner interests in the Issuer ("Common Units") were sold at a weighted average price. These common units were sold in multiple transactions at prices from $48.00 to $48.04, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units sold at each separate price within the range set forth in this footnote (1) to this Form 4.
- F2. Common Units representing limited partner interests in the Issuer ("Common Units") were sold at a weighted average price. These common units were sold in multiple transactions at prices from $47.50 to $47.63, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units sold at each separate price within the range set forth in this footnote (2) to this Form 4.
FAQ
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What did GLP Chief Operating Officer Romaine Mark report in this Form 4?
Over what dates did the GLP COO sell common units in this filing?
How many GLOBAL PARTNERS LP units does the COO hold after these sales?
What prices were received for the GLP common units sold by the COO?
Were the GLP COO’s sales in this Form 4 option exercises or regular unit sales?
Do the GLP Form 4 footnotes mention weighted average sale prices?
AI-generated analysis. How Rhea-AI works. Not financial advice.