Stephen J. Lattig - Apr 24, 2023 Form 3 Insider Report for CrossAmerica Partners LP (CAPL)

Signature
Christina Casey-Best as Attorney-in-Fact for Stephen J. Lattig
Stock symbol
CAPL
Transactions as of
Apr 24, 2023
Transactions value $
$0
Form type
3
Date filed
4/24/2023, 02:01 PM
Next filing
Oct 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CAPL Common Units 16K Apr 24, 2023 Direct

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
holding CAPL Phantom Units Apr 24, 2023 Common Units 3.76K 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 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, 2025. 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 of October 25, 2022.