Form 4: CrossAmerica Partners LP: Officer Lattig Reports Acquisition and Disposal of Common Units
SEC Form 4 Filing
Senior Vice President Retail, Stephen J. Lattig, reports acquiring and disposing of CrossAmerica Partners LP common units on March 8, 2024, due to performance-based bonus compensation and tax withholding.
Summary
- On March 8, 2024, Stephen J. Lattig, Senior Vice President Retail of CrossAmerica Partners LP, acquired 2,093 common units through the 2023 Performance-Based Bonus Compensation Policy.
- On the same day, Lattig disposed of 703 common units at a price of $22.21 to cover tax withholding obligations.
- Following these transactions, Lattig beneficially owns 17,783 common units of CrossAmerica Partners LP.
- The transactions were reported on Form 4, filed with the SEC on March 12, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which carries a neutral sentiment.
Positives
- The acquisition of 2,093 common units through the 2023 Performance-Based Bonus Compensation Policy indicates that the reporting person is meeting performance targets.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company officers.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation and tax-related activities of a company officer.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of the transaction involving the acquisition and disposal of common units. |
| 03/12/2024 | Date the Form 4 was signed and filed with the SEC. |
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