GLP (NYSE: GLP) COO Romaine Mark sells 5,700 units, retains 141,174
Rhea-AI Filing Summary
GLOBAL PARTNERS LP Chief Operating Officer Romaine Mark reported open‑market sales of a total of 5,700 Common Units representing limited partner interests across three days in March 2026. Units were sold at prices around $47–$48, and Mark now directly holds 141,174 Common Units.
The sales included 3,245 units on March 19 at $48.10, 2,020 units on March 20 at $48.19, and 435 units on March 23 at $47.31. Footnotes state that each day’s transactions occurred in multiple trades within specified price ranges around those weighted average prices.
Positive
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Negative
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Insights
COO executes modest open‑market sales while retaining a large remaining stake.
Chief Operating Officer Romaine Mark executed three open‑market sales totaling 5,700 Common Units of GLOBAL PARTNERS LP at weighted average prices near $48. These are straightforward open‑market dispositions with no derivative exercises or gifts reported in this filing.
After the transactions, Mark still directly owns 141,174 Common Units, indicating that only a small portion of his reported holdings was sold. Footnotes clarify that each day’s activity comprised multiple trades within stated price ranges, a common pattern for broker‑executed sales. The filing does not reference any trading plan, so the timing context is limited to the disclosed transaction dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Units representing limited partner interests | 435 | $47.31 | $21K |
| Sale | Common Units representing limited partner interests | 2,020 | $48.19 | $97K |
| Sale | Common Units representing limited partner interests | 3,245 | $48.10 | $156K |
Footnotes (1)
- 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 $47.75 to $48.50, 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. Common Units representing limited partner interests in the Issuer were sold at a weighted average price. These Common Units were sold in multiple transactions at prices from $48.15 to $48.50, 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. Common Units representing limited partner interests in the Issuer were sold at a weighted average price. These Common Units were sold in multiple transactions at prices from $47.28 to $47.50, 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 (3) to this Form 4.