STOCK TITAN

[Form 4] Global Partners LP Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Global GP LLC reported purchases of common units of Global Partners LP (GLP) across three days in August 2025 to satisfy awards under the Global Partners LP Long-Term Incentive Plan. The reporting entity acquired 4,953 units on 08/12/2025 at a weighted average price of $49.42, 5,000 units on 08/13/2025 at a weighted average price of $50.80, and 5,000 units on 08/14/2025 at a weighted average price of $50.99, for a total of 14,953 units purchased. Following these transactions, the report shows 109,501 common units beneficially owned by the reporting person. The filing states the purchases were made to satisfy LTIP obligations and includes a disclaimer that the reporting person disclaims any pecuniary interest and does not admit beneficial ownership for Section 16 purposes.

Global GP LLC ha dichiarato acquisti di unità ordinarie di Global Partners LP (GLP) in tre giorni di agosto 2025 per soddisfare premi previsti dal piano Long-Term Incentive Plan di Global Partners LP. L'entità segnalante ha acquistato 4.953 unità il 12/08/2025 a un prezzo medio ponderato di $49,42, 5.000 unità il 13/08/2025 a un prezzo medio ponderato di $50,80, e 5.000 unità il 14/08/2025 a un prezzo medio ponderato di $50,99, per un totale di 14.953 unità acquistate. Dopo queste operazioni, la segnalazione indica 109.501 unità ordinarie possedute in via beneficiaria dalla persona che effettua la comunicazione. Il deposito specifica che gli acquisti sono stati effettuati per ottemperare agli obblighi LTIP e contiene una clausola di esclusione di responsabilità secondo cui la parte segnalante rinuncia a qualsiasi interesse patrimoniale e non ammette la titolarità beneficiaria ai fini della Sezione 16.

Global GP LLC informó compras de unidades comunes de Global Partners LP (GLP) en tres días de agosto de 2025 para cumplir con adjudicaciones del Plan de Incentivos a Largo Plazo de Global Partners LP. La entidad informante adquirió 4.953 unidades el 12/08/2025 a un precio promedio ponderado de $49.42, 5.000 unidades el 13/08/2025 a un precio promedio ponderado de $50.80, y 5.000 unidades el 14/08/2025 a un precio promedio ponderado de $50.99, sumando un total de 14.953 unidades compradas. Tras estas transacciones, el informe muestra 109.501 unidades comunes en propiedad beneficiaria por parte del declarante. La presentación indica que las compras se realizaron para cumplir obligaciones del LTIP e incluye una cláusula en la que el informante renuncia a cualquier interés pecuniario y no admite propiedad beneficiaria a efectos de la Sección 16.

Global GP LLC는 2025년 8월에 Global Partners LP(GLP)의 보통주 단위를 세 차례에 걸쳐 매입했다고 보고했으며, 이는 Global Partners LP 장기 인센티브 계획(LTIP)에 따른 지급을 충족하기 위한 것입니다. 신고 주체는 2025-08-12에 4,953단위를 가중평균가 $49.42에, 2025-08-13에 5,000단위를 가중평균가 $50.80에, 그리고 2025-08-14에 5,000단위를 가중평균가 $50.99에 취득하여 총 14,953단위를 매입했습니다. 이 거래들 이후 신고서에는 신고인이 109,501 보통단위의 수익적 소유를 보유하고 있는 것으로 기재되어 있습니다. 제출 문서는 해당 매입이 LTIP 의무를 이행하기 위한 것임을 밝히며, 신고인이 금전적 이익을 부인하고 섹션 16 목적상 수익적 소유를 인정하지 않는다는 면책 조항을 포함하고 있습니다.

Global GP LLC a déclaré des achats d'unités ordinaires de Global Partners LP (GLP) sur trois jours en août 2025 afin de satisfaire des attributions prévues par le plan d'incitation à long terme (LTIP) de Global Partners LP. L'entité déclarente a acquis 4 953 unités le 12/08/2025 à un prix moyen pondéré de 49,42 $, 5 000 unités le 13/08/2025 à un prix moyen pondéré de 50,80 $, et 5 000 unités le 14/08/2025 à un prix moyen pondéré de 50,99 $, soit un total de 14 953 unités achetées. Après ces opérations, la déclaration indique que 109 501 unités ordinaires sont détenues à titre bénéficiaire par le déclarant. Le dépôt précise que ces achats ont été effectués pour satisfaire aux obligations LTIP et comprend une clause de non-responsabilité selon laquelle le déclarant renonce à tout intérêt pécuniaire et n'admet pas de propriété bénéficiaire aux fins de la Section 16.

Global GP LLC meldete Käufe von Stammanteilen an Global Partners LP (GLP) an drei Tagen im August 2025, um Auszeichnungen aus dem Long-Term Incentive Plan von Global Partners LP zu erfüllen. Die meldende Stelle erwarb 4.953 Einheiten am 12.08.2025 zu einem gewichteten Durchschnittspreis von $49,42, 5.000 Einheiten am 13.08.2025 zu einem gewichteten Durchschnittspreis von $50,80 und 5.000 Einheiten am 14.08.2025 zu einem gewichteten Durchschnittspreis von $50,99, insgesamt also 14.953 gekaufte Einheiten. Nach diesen Transaktionen weist die Meldung 109.501 wirtschaftlich gehaltene Stammanteile durch die meldende Person aus. Die Einreichung erklärt, dass die Käufe zur Erfüllung von LTIP-Verpflichtungen getätigt wurden, und enthält einen Haftungsausschluss, wonach die meldende Person auf jegliches finanzielles Interesse verzichtet und keine wirtschaftliche Eigentümerschaft für Zwecke von Abschnitt 16 zugesteht.

Positive
  • Transparent disclosure of transaction dates, amounts and weighted average prices for each purchase
  • Purpose of purchases is stated: to satisfy awards under the Global Partners LP Long-Term Incentive Plan
  • Post-transaction ownership provided: holdings increased to 109,501 common units
Negative
  • Disclaimer of pecuniary interest may limit clarity on whether Global GP LLC is the beneficial owner for Section 16 purposes
  • Weighted average prices reported with ranges but not broken down by individual trades (footnotes offer to provide details only upon request)

Insights

TL;DR: Reporting entity bought 14,953 GLP units over three days to satisfy LTIP awards; holdings rose to 109,501 units, with weighted average prices disclosed.

The purchases are explicitly tied to satisfying previously granted LTIP awards and occurred on 08/12/2025, 08/13/2025 and 08/14/2025 at reported weighted average prices of $49.42, $50.80 and $50.99 respectively. The filing discloses a total of 109,501 common units held after the transactions and includes a formal disclaimer regarding pecuniary interest and beneficial ownership. For investors, this is a routine Section 16 disclosure of insider-related plan-driven purchases rather than an ad hoc open-market accumulation.

TL;DR: Transactions were plan-driven LTIP purchases by Global GP LLC; disclosure includes customary disclaimers about beneficial ownership.

The Form 4 clearly states the acquisitions were made to satisfy LTIP awards and provides weighted average price ranges for the transactions. The report identifies the filer as an officer/general partner and includes an explicit disclaimer that the reporting person disclaims pecuniary interest. The level of disclosure—dates, amounts, prices and the purpose—meets Section 16 reporting requirements and allows stakeholders to track dilution or insider-related unit movements tied to compensation plans.

Global GP LLC ha dichiarato acquisti di unità ordinarie di Global Partners LP (GLP) in tre giorni di agosto 2025 per soddisfare premi previsti dal piano Long-Term Incentive Plan di Global Partners LP. L'entità segnalante ha acquistato 4.953 unità il 12/08/2025 a un prezzo medio ponderato di $49,42, 5.000 unità il 13/08/2025 a un prezzo medio ponderato di $50,80, e 5.000 unità il 14/08/2025 a un prezzo medio ponderato di $50,99, per un totale di 14.953 unità acquistate. Dopo queste operazioni, la segnalazione indica 109.501 unità ordinarie possedute in via beneficiaria dalla persona che effettua la comunicazione. Il deposito specifica che gli acquisti sono stati effettuati per ottemperare agli obblighi LTIP e contiene una clausola di esclusione di responsabilità secondo cui la parte segnalante rinuncia a qualsiasi interesse patrimoniale e non ammette la titolarità beneficiaria ai fini della Sezione 16.

Global GP LLC informó compras de unidades comunes de Global Partners LP (GLP) en tres días de agosto de 2025 para cumplir con adjudicaciones del Plan de Incentivos a Largo Plazo de Global Partners LP. La entidad informante adquirió 4.953 unidades el 12/08/2025 a un precio promedio ponderado de $49.42, 5.000 unidades el 13/08/2025 a un precio promedio ponderado de $50.80, y 5.000 unidades el 14/08/2025 a un precio promedio ponderado de $50.99, sumando un total de 14.953 unidades compradas. Tras estas transacciones, el informe muestra 109.501 unidades comunes en propiedad beneficiaria por parte del declarante. La presentación indica que las compras se realizaron para cumplir obligaciones del LTIP e incluye una cláusula en la que el informante renuncia a cualquier interés pecuniario y no admite propiedad beneficiaria a efectos de la Sección 16.

Global GP LLC는 2025년 8월에 Global Partners LP(GLP)의 보통주 단위를 세 차례에 걸쳐 매입했다고 보고했으며, 이는 Global Partners LP 장기 인센티브 계획(LTIP)에 따른 지급을 충족하기 위한 것입니다. 신고 주체는 2025-08-12에 4,953단위를 가중평균가 $49.42에, 2025-08-13에 5,000단위를 가중평균가 $50.80에, 그리고 2025-08-14에 5,000단위를 가중평균가 $50.99에 취득하여 총 14,953단위를 매입했습니다. 이 거래들 이후 신고서에는 신고인이 109,501 보통단위의 수익적 소유를 보유하고 있는 것으로 기재되어 있습니다. 제출 문서는 해당 매입이 LTIP 의무를 이행하기 위한 것임을 밝히며, 신고인이 금전적 이익을 부인하고 섹션 16 목적상 수익적 소유를 인정하지 않는다는 면책 조항을 포함하고 있습니다.

Global GP LLC a déclaré des achats d'unités ordinaires de Global Partners LP (GLP) sur trois jours en août 2025 afin de satisfaire des attributions prévues par le plan d'incitation à long terme (LTIP) de Global Partners LP. L'entité déclarente a acquis 4 953 unités le 12/08/2025 à un prix moyen pondéré de 49,42 $, 5 000 unités le 13/08/2025 à un prix moyen pondéré de 50,80 $, et 5 000 unités le 14/08/2025 à un prix moyen pondéré de 50,99 $, soit un total de 14 953 unités achetées. Après ces opérations, la déclaration indique que 109 501 unités ordinaires sont détenues à titre bénéficiaire par le déclarant. Le dépôt précise que ces achats ont été effectués pour satisfaire aux obligations LTIP et comprend une clause de non-responsabilité selon laquelle le déclarant renonce à tout intérêt pécuniaire et n'admet pas de propriété bénéficiaire aux fins de la Section 16.

Global GP LLC meldete Käufe von Stammanteilen an Global Partners LP (GLP) an drei Tagen im August 2025, um Auszeichnungen aus dem Long-Term Incentive Plan von Global Partners LP zu erfüllen. Die meldende Stelle erwarb 4.953 Einheiten am 12.08.2025 zu einem gewichteten Durchschnittspreis von $49,42, 5.000 Einheiten am 13.08.2025 zu einem gewichteten Durchschnittspreis von $50,80 und 5.000 Einheiten am 14.08.2025 zu einem gewichteten Durchschnittspreis von $50,99, insgesamt also 14.953 gekaufte Einheiten. Nach diesen Transaktionen weist die Meldung 109.501 wirtschaftlich gehaltene Stammanteile durch die meldende Person aus. Die Einreichung erklärt, dass die Käufe zur Erfüllung von LTIP-Verpflichtungen getätigt wurden, und enthält einen Haftungsausschluss, wonach die meldende Person auf jegliches finanzielles Interesse verzichtet und keine wirtschaftliche Eigentümerschaft für Zwecke von Abschnitt 16 zugesteht.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Global GP LLC

(Last) (First) (Middle)
C/O GLOBAL PARTNERS LP
800 SOUTH STREET, SUITE 500

(Street)
WALTHAM MA 02453

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GLOBAL PARTNERS LP [ GLP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
General Partner
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common units representing limited partner interests 08/12/2025 P(1) 4,953 A $49.42(2) 99,501(1) D
Common units representing limited partner interests 08/13/2025 P(1) 5,000 A $50.8(3) 104,501(1) D
Common units representing limited partner interests 08/14/2025 P(1) 5,000 A $50.99(4) 109,501(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $49.15 to $49.71, 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.
3. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $50.49 to $51.41, 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.
4. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $50.68 to $51.45, 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.
Erin Powers Brennan, Attorney-in-Fact for Global GP LLC 08/14/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Global GP LLC report for GLP?

Global GP LLC purchased 14,953 common units of Global Partners LP across 08/12/2025–08/14/2025 in three transactions.

At what prices were the GLP units purchased?

Weighted average prices reported were $49.42 on 08/12/2025, $50.80 on 08/13/2025, and $50.99 on 08/14/2025; footnotes state purchases occurred within specified price ranges.

Why were the units purchased?

The purchases were made to satisfy awards previously granted under the Global Partners LP Long-Term Incentive Plan (LTIP).

How many GLP units does the reporting person own after these transactions?

The report shows 109,501 common units beneficially owned following the reported transactions.

Does the reporting person claim beneficial ownership of the units?

No. The filing disclaims any pecuniary interest and states it should not be deemed an admission of beneficial ownership for Section 16 purposes.
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