Form 4: CrossAmerica Partners CEO Charles Nifong Jr. Reports Share Transactions

CrossAmerica Partners CEO Charles Nifong Jr. acquired and disposed of common units on December 31, 2024, due to vesting of phantom units and tax obligations.

Summary

• Charles M. Nifong Jr., the President and CEO of CrossAmerica Partners LP, reported transactions involving the company's common units on December 31, 2024.
• He acquired 6,188 common units through the vesting of phantom units.
• Additionally, 1,781 common units were withheld to cover tax obligations related to the vesting.
• The price of the common units was $21.65, which was the closing price on the day preceding the vest event.
• Following these transactions, Mr. Nifong directly owns 60,553 common units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing standard executive compensation transactions. It does not indicate any positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The vesting of phantom units and subsequent tax withholding are common forms of executive compensation.
• The reported transactions are consistent with typical executive compensation practices in the energy sector.

Stakeholder Impact

• The transactions have a neutral impact on shareholders as they are part of standard executive compensation practices.

Key Dates

Keywords

CrossAmerica Partners, CAPL, common units, phantom units, insider trading, SEC Form 4, vesting, tax withholding, executive compensation