Form 4: CrossAmerica Partners LP Executive Acquires and Disposes of Common Units
SEC Form 4 Filing
David Hrinak, Executive Vice President of CrossAmerica Partners LP, reports acquisition of common units through a bonus compensation policy and disposition of units for tax withholding.
Summary
- On March 8, 2024, David Hrinak, an Executive Vice President at CrossAmerica Partners LP, acquired 2,865 common units through the company's 2023 Performance-Based Bonus Compensation Policy.
- On the same day, Hrinak disposed of 892 common units to cover tax withholding obligations at a price of $22.21 per unit.
- Following these transactions, Hrinak directly owns 48,730 common units of CrossAmerica Partners LP.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document simply reports transactions of common units by an executive. The acquisition through bonus compensation is mildly positive, while the sale for tax purposes is neutral.
Positives
- The acquisition of common units through the Performance-Based Bonus Compensation Policy suggests a positive evaluation of the executive's performance.
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 transactions may be of interest to shareholders as they reflect changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of common units acquisition and disposition. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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