Form 4: CrossAmerica Partners LP Director Acquires Common Units Upon Vesting of Phantom Units
SEC Form 4
Director John B. Reilly III acquired 3,249 common units of CrossAmerica Partners LP upon the vesting of phantom units on July 25, 2024.
Summary
- On July 25, 2024, John B. Reilly III, a director of CrossAmerica Partners LP, acquired 3,249 common units.
- This acquisition resulted from the vesting of phantom units, each equivalent to one common unit.
- Following the transaction, Reilly directly owns 3,419 common units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 07/25/2024 | Date of transaction: vesting of phantom units and acquisition of common units. |
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