Form 4: CrossAmerica Partners LP Executive Acquires and Disposes of Common Units
SEC Form 4 Filing
Stephen J. Lattig, Senior Vice President Retail at CrossAmerica Partners LP, reports acquisition of common units through a bonus compensation policy and subsequent disposal for tax withholding.
Summary
- Stephen J. Lattig, a Senior Vice President at CrossAmerica Partners LP, filed a Form 4 detailing changes in beneficial ownership.
- On February 25, 2025, Lattig acquired 1,069 common units through the 2024 Performance-Based Bonus Compensation Policy.
- On the same day, 379 common units were withheld to cover tax obligations at a price of $22.8 per unit.
- Following these transactions, Lattig directly owns 19,358 common units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's perspective on the company's value and future prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of common units acquisition and disposal for tax withholding. |
| 02/27/2025 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.