Joseph V. Topper Jr. - Jul 22, 2021 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Signature
/s/ Christina Casey-Best, Attorney in Fact for Joseph V. Topper, Jr.
Stock symbol
CAPL
Transactions as of
Jul 22, 2021
Transactions value $
$0
Form type
4
Date filed
7/26/2021, 03:40 PM
Previous filing
Jun 15, 2021
Next filing
Jul 26, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CAPL Phantom Units Award $0 +3.25K +215.51% $0.00 4.76K Jul 22, 2021 Common Units 3.25K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP, and is accompanied by tandem distribution equivalent rights that entitle the holder to cash payments equal of distributions authorized to be paid to the holders of Common Units.
F2 The phantom units will vest in one annual installment on the anniversary of the grant date, and when vested will be converted into either cash or common units, at the discretion of the Issuer.