Mickey Kim - Jul 23, 2024 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Role
Director
Signature
/s/ Christina Casey-Best as Attorney-in-Fact for Mickey Kim
Stock symbol
CAPL
Transactions as of
Jul 23, 2024
Transactions value $
$0
Form type
4
Date filed
7/24/2024, 03:35 PM
Previous filing
Jul 26, 2023
Next filing
Jul 25, 2024

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 +3.42K +16.47% $0.00 24.2K Jul 23, 2024 Common Units 3.42K 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 L.P. and is accompanied by tandem distribution equivalent rights that entitle the holder to cash payments equal to the amount of distributions authorized to be paid to the holders of Common Units.
F2 The phantom units will vest in one annual installment on the first anniversary of the grant date, provided the reporting person was in continuous service as a director to the Issuer as of the vesting date, and when vested will be converted into either cash or common units, at the discretion of the Issuer.