Form 4: CrossAmerica Partners LP Executive Vice President Acquires and Disposes of Common Units
SEC Form 4 Filing
Robert Brecker, Executive Vice President of Operations at CrossAmerica Partners LP, reports acquisition and disposal of common units on February 25, 2025.
Summary
- Robert Brecker, Executive Vice President of Operations at CrossAmerica Partners LP, filed a Form 4 detailing changes in beneficial ownership.
- On February 25, 2025, Brecker acquired 1,177 common units through the 2024 Performance-Based Bonus Compensation Policy.
- Also on February 25, 2025, Brecker acquired 2,750 common units through the 2021 Performance Unit Award.
- On the same day, 405 and 946 common units were withheld to cover tax obligations at a price of $22.8 per unit.
- Following these transactions, Brecker directly owns 17,895 common units.
Sentiment
Score: 6
Explanation: The document reflects standard executive compensation practices and insider trading reporting, indicating a neutral sentiment.
Positives
- The acquisition of common units through performance-based compensation and unit awards suggests positive performance recognition.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transactions: acquisition and disposal of common units. |
| 02/27/2025 | Date of signature by Attorney-in-Fact. |
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