Global Partners LP (NASDAQ:GLP) Chief Operating Officer Mark Romaine reported the sale of company common units totaling $274,008 in a series of transactions conducted between March 19 and March 23, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The filing details three separate trades. On March 19, Romaine sold 3,245 common units with transaction prices ranging from $47.75 to $48.50; the weighted average price for that batch was $48.10. The following day, March 20, he sold 2,020 units at prices between $48.15 and $48.50, with a weighted average price of $48.19. The final disclosed disposition occurred on March 23, when Romaine sold 435 units at prices in the $47.28 to $47.50 band, at a weighted average of $47.31.
After these dispositions, the filing shows Romaine retains direct ownership of 141,174 common units of Global Partners LP.
At the time of reporting, Global Partners shares are quoted at $46.42, which is below the weighted average prices realized in Romaine's March transactions. An InvestingPro analysis cited in the filing material describes the stock as appearing undervalued at the current trading level. The company has a record of 21 consecutive years of dividend payments and currently offers a yield of 6.55%. The same InvestingPro reference notes that subscribers gain access to six additional exclusive tips and comprehensive financial metrics for GLP.
Separately, Global Partners disclosed fourth-quarter 2025 financial results that showed a mixed picture across its business lines. The Gasoline Distribution and Station Operations (GDSO) segment was highlighted as a relative outperformer, benefiting from favorable fuel margins. At the same time, the wholesale and commercial segments faced challenges, producing a varied overall performance for the quarter.
Following the results, Stifel adjusted its price target on Global Partners to $46 from $45 while maintaining a Hold rating. The firm framed the revision as recognition of Global Partners' efforts to optimize and strengthen its downstream portfolio, signaling a strategic emphasis on operational efficiency in key areas. The company-level disclosures and the analyst response together offer additional context on the firm's current trajectory, with particular attention from market participants on the strong showing in the GDSO segment.
This report is based on the Form 4 filing and the company disclosures referenced above. The available documentation provides the transactional detail and the quarter-level performance notes summarized here.