Form 4: Global Partners LP: Global GP LLC Reports Transaction in Common Units

Global GP LLC, a general partner of Global Partners LP, reports a transaction involving the disposition and acquisition of common units to satisfy obligations under the Long-Term Incentive Plan and tax withholding.

Summary

• Global GP LLC, a general partner of Global Partners LP, filed a Form 4.
• The form reports changes in beneficial ownership of common units representing limited partner interests.
• On March 24, 2025, Global GP LLC disposed of 52,100 common units at a price of $53.11.
• On the same day, Global GP LLC acquired 26,912 common units at the same price of $53.11.
• These transactions relate to the Global Partners LP Long-Term Incentive Plan (LTIP).
• The disposition was to satisfy obligations under grant agreements dated March 25, 2024.
• The acquisition was due to withholding common units from grant award recipients who elected a cashless exercise to satisfy their respective tax withholding obligations.
• Following the reported transactions, Global GP LLC beneficially owns 82,650 common units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions related to executive compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and equity transactions, common in publicly traded partnerships like Global Partners LP. It reflects the ongoing administration of the company's Long-Term Incentive Plan.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to the administration of the Long-Term Incentive Plan.
• The transactions directly affect the employees participating in the Long-Term Incentive Plan.

Key Dates

Keywords

Form 4, Global Partners LP, Global GP LLC, Common Units, Beneficial Ownership, LTIP, Long-Term Incentive Plan, Transaction