Form 4: CrossAmerica Partners LP: CFO Maura Topper Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Maura Topper, CFO of CrossAmerica Partners LP, reports the acquisition and disposal of common units related to the vesting of phantom units on December 31, 2024.
Summary
- On December 31, 2024, Maura Topper, the Chief Financial Officer of CrossAmerica Partners LP, reported changes in her beneficial ownership of the company's securities.
- She acquired 2,288 common units upon the vesting of phantom units.
- Additionally, 660 common units were withheld to cover tax obligations related to the vesting at a price of $21.65.
- Following these transactions, Topper directly owns 14,707 common units and 13,928 phantom units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with those of shareholders.
Comparison to Industry Standards
- Executive compensation packages often include equity-based awards like phantom units to incentivize performance and align executive interests with shareholder value.
- The vesting of these units and subsequent tax withholding are standard practices.
- Similar filings are regularly made by executives at companies like Energy Transfer Partners and Sunoco LP, which operate in the same sector.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in executive ownership related to compensation.
- Employees may be interested in the details of executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the transaction involving common units and phantom units. |
| 01/02/2025 | Date of signature for the report. |
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