Thomas E. Kelso - Feb 24, 2023 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Role
Director
Signature
Christina Casey-Best as attorney-in-fact for Thomas E. Kelso
Stock symbol
CAPL
Transactions as of
Feb 24, 2023
Transactions value $
$0
Form type
4
Date filed
2/28/2023, 01:45 PM
Next filing
May 17, 2023

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 +976 $0.00* 0 Feb 24, 2023 Common Units 976 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 July 21, 2023, and when vested will be converted into either cash or common units, at the discretion of the Issuer.