Form 4: CrossAmerica Partners LP: Director Justin A. Gannon Reports Acquisition of Common Units
SEC Form 4 Filing
Director Justin A. Gannon reports the acquisition of 3,249 common units of CrossAmerica Partners LP following the vesting of phantom units on July 25, 2024.
Summary
- On July 25, 2024, Justin A. Gannon, a director of CrossAmerica Partners LP, reported a transaction involving the acquisition of common units.
- The transaction involved the vesting of 3,249 phantom units, which were then converted into common units.
- Following the reported transaction, Gannon directly owns 3,419 common units.
- The phantom units vested on July 25, 2024, and were converted into common units at the discretion of the Issuer.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of phantom units and conversion to common units indicates a form of compensation or incentive for the director.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 07/25/2024 | Date of transaction: vesting of phantom units and acquisition of common units. |
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