Form 4: CrossAmerica Partners LP Executive Reports Stock Transactions

Keenan D. Lynch, General Counsel and CAO of CrossAmerica Partners LP, reports the vesting of phantom units and subsequent tax withholding of common units.

Summary

• Keenan D. Lynch, General Counsel and CAO of CrossAmerica Partners LP, reported transactions involving the company's common units.
• On December 31, 2024, 2,592 phantom units vested, resulting in the acquisition of 2,592 common units.
• Additionally, 746 common units were withheld to cover tax obligations related to the vesting.
• The price of the common units for tax withholding purposes was $21.65 per unit.
• Following these transactions, Mr. Lynch directly owns 15,205 common units and 19,779 phantom units.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any positive or negative sentiment, but is a normal part of business operations.

Industry Context

This is a routine filing related to executive compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting of phantom units and subsequent tax withholding is a common form of executive compensation.
• The reported transactions are consistent with standard practices for executive compensation in the energy sector.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates

Keywords

insider trading, Form 4, phantom units, common units, vesting, tax withholding, CrossAmerica Partners LP, CAPL, Keenan D. Lynch