Charles M. Nifong Jr. - Dec 10, 2024 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Role: President and CEO, Director
Signature: /s/ Christina Casey-Best as Attorney in Fact for Charles M. Nifong, Jr.
Stock symbol: CAPL
Transactions as of: Dec 10, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/11/2024, 01:54 PM
Previous filing: Mar 12, 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	+12.2K	+30.95%	$0.00	51.5K	Dec 10, 2024	Common Units	12.2K		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	50% of the grant will vest ratably over three years, each as of December 31, until December 31, 2027. 50% of the grant will vest upon death or disability, or retirement if such retirement is not adverse to the interests of the Issuer, as determined by the Board in its sole discretion. This 50% portion will expire, if unvested 20 years from the grant date.