Robert Brecker - Oct 23, 2023 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Role
Executive Vice Pres Operations
Signature
Christina Casey-Best as Attorney-in-Fact for Robert Brecker
Stock symbol
CAPL
Transactions as of
Oct 23, 2023
Transactions value $
$0
Form type
4
Date filed
10/23/2023, 03:31 PM
Previous filing
Apr 24, 2023
Next filing
Jan 3, 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 +3.84K +48.38% $0.00 11.8K Oct 23, 2023 Common Units 3.84K 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, 2026. 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.