Form 4: CAPL Senior VP Lattig Adjusts Equity Holdings

CrossAmerica Partners LP Senior Vice President Stephen J. Lattig reported the vesting of phantom units and subsequent sale of shares to cover tax obligations.

Summary

• Stephen J. Lattig, Senior Vice President Retail of CrossAmerica Partners LP (CAPL), reported changes in his beneficial ownership.
• On December 31, 2025, 1,926 phantom units vested into common units.
• Following this vesting, Lattig's direct beneficial ownership of common units was 21,284.
• Concurrently, 581 common units were disposed of at a price of $20.51 per unit to satisfy tax withholding obligations related to the vesting.
• After these transactions, Lattig's direct beneficial ownership of common units stands at 20,703.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of phantom units and subsequent sale of shares for tax withholding, which is a standard practice for executive compensation. It does not indicate any significant positive or negative operational or financial developments for the company.

Positives

• Vesting of 1,926 phantom units indicates compensation realization for the Senior Vice President.

Negatives

• A total of 581 common units were sold to cover tax liabilities, reducing the direct beneficial ownership by that amount.

Future Outlook

This Form 4 filing is a report of past insider transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information that directly relates to broader industry trends or competitive analysis. Such filings are standard for executives of publicly traded companies as part of their compensation and tax management.

Comparison to Industry Standards

• This filing details a standard executive compensation event (phantom unit vesting) and subsequent tax-related share disposition, which is a common practice across industries for executives receiving equity-based compensation. No specific comparable companies, projects, or results are detailed in this transactional report.

Stakeholder Impact

• Shareholders: The transaction represents a minor, routine change in an executive's direct equity holdings, unlikely to have a material impact on overall shareholder value or perception.
• Employees: The vesting of phantom units is part of executive compensation, which is a standard practice and does not directly impact the broader employee base.

Key Dates

Keywords

CrossAmerica Partners LP, CAPL, Stephen J. Lattig, Form 4, insider transaction, beneficial ownership, phantom units, common units, equity, stock, executive compensation, tax withholding