Global Partners LP (GLP) general partner buys 10,000 units for LTIP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Global GP LLC, the general partner of Global Partners LP, reported two open-market purchases of common units representing limited partner interests. It bought 5,000 units on June 4, 2026 at a weighted average price of $49.50 per unit and another 5,000 units on June 8, 2026 at a weighted average price of $49.29 per unit, for a total of 10,000 units. After these transactions, Global GP LLC directly holds 116,584 common units. According to the disclosure, these units are being purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan, and the reporting person disclaims pecuniary interest and beneficial ownership for Section 16 purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares ($493,950)
Net Buy
2 txns
Insider
Global GP LLC
Role
null
Bought
10,000 shs ($494K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common units representing limited partner interests | 5,000 | $49.29 | $246K |
| Purchase | Common units representing limited partner interests | 5,000 | $49.50 | $248K |
Holdings After Transaction:
Common units representing limited partner interests — 116,584 shares (Direct, null)
Footnotes (1)
- 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. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $49.03 to $49.83, 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. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $48.87 to $50.00, 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 (3) to this Form 4.
Key Figures
Units purchased June 4, 2026: 5,000 units at $49.50
Units purchased June 8, 2026: 5,000 units at $49.29
Total units purchased: 10,000 units
+3 more
6 metrics
Units purchased June 4, 2026
5,000 units at $49.50
Open-market purchase of common units
Units purchased June 8, 2026
5,000 units at $49.29
Open-market purchase of common units
Total units purchased
10,000 units
Aggregate of June 4 and June 8, 2026 buys
Holdings after transactions
116,584 units
Common units directly held by Global GP LLC
Price range June 4, 2026
$48.87–$50.00
Weighted-average price composed of multiple trades
Price range June 8, 2026
$49.03–$49.83
Weighted-average price composed of multiple trades
Key Terms
Global Partners LP Long-Term Incentive Plan, pecuniary interest, beneficial owner, Section 16, +1 more
5 terms
Global Partners LP Long-Term Incentive Plan financial
"awards previously granted to directors and officers under the Global Partners LP Long-Term Incentive Plan ("LTIP")"
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.
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.
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.
FAQ
What insider transactions did Global GP LLC report for GLP?
Global GP LLC reported two open-market purchases totaling 10,000 common units of Global Partners LP. It acquired 5,000 units on June 4, 2026 and 5,000 units on June 8, 2026 to meet obligations under the long-term incentive plan.
At what prices did Global GP LLC buy Global Partners LP (GLP) units?
Global GP LLC bought 5,000 GLP common units at a weighted average price of $49.50 and another 5,000 units at $49.29. Footnotes state the trades occurred in multiple transactions within price ranges from $48.87 to $50.00 per unit.
How many Global Partners LP (GLP) units does Global GP LLC hold after these trades?
After the reported purchases, Global GP LLC directly holds 116,584 common units of Global Partners LP. This total reflects the additional 10,000 units acquired in open-market transactions disclosed in the Form 4 covering activity on June 4 and June 8, 2026.
Why is Global GP LLC purchasing GLP units according to the Form 4?
The filing states Global GP LLC is purchasing GLP common units to satisfy obligations under the Global Partners LP Long-Term Incentive Plan. These units are intended to cover awards previously granted to directors and officers, rather than discretionary investment purchases by the reporting person.
Does Global GP LLC claim beneficial ownership of the GLP units purchased?
The disclosure says Global GP LLC disclaims any pecuniary interest in the purchased securities and that the report should not be deemed an admission of beneficial ownership for Section 16 purposes. This limits how the holdings are treated under insider reporting rules.
Were the GLP unit purchases by Global GP LLC single trades or price-weighted?
Each reported price is a weighted average of multiple trades. For June 4, 2026, prices ranged from $48.87 to $50.00. For June 8, 2026, prices ranged from $49.03 to $49.83, as detailed in the footnotes.