Form 4: CrossAmerica Partners LP Executive Vice President David Hrinak Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President David Hrinak reports acquisition and disposal of CrossAmerica Partners LP common units due to bonus compensation and tax withholding.
Summary
- On February 25, 2025, David Hrinak, Executive Vice President of CrossAmerica Partners LP, acquired 1,167 common units through the 2024 Performance-Based Bonus Compensation Policy.
- On the same day, Hrinak disposed of 398 common units to cover tax withholding obligations at a price of $22.8 per unit.
- Following these transactions, Hrinak beneficially owns 49,499 common units of CrossAmerica Partners LP.
Sentiment
Score: 6
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Positives
- The acquisition of 1,167 common units through the 2024 Performance-Based Bonus Compensation Policy indicates a reward for performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of common units acquisition and disposal. |
| 02/27/2025 | Date of signature for the report. |
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