Form 4: CrossAmerica Partners LP: CFO Maura Topper Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CFO Maura Topper reports acquisition and disposal of CrossAmerica Partners LP common units related to performance-based compensation and tax withholding.
Summary
- Maura Topper, CFO of CrossAmerica Partners LP, filed a Form 4 detailing changes in her beneficial ownership of the company's common units on February 25, 2025.
- She acquired 1,505 common units through the 2024 Performance-Based Bonus Compensation Policy and 7,083 common units through the 2021 Performance Unit Award.
- 513 and 2,226 common units were withheld to cover tax obligations at a price of $22.8 per unit.
- Following these transactions, Topper directly owns 20,556 common units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports transactions related to compensation and tax obligations. There are no explicit positive or negative implications for the company's performance.
Positives
- The acquisition of common units through performance-based compensation and unit awards suggests positive performance recognition.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.
Stakeholder Impact
- The changes in beneficial ownership may be of interest to shareholders as they reflect insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transactions involving common units. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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