CrossAmerica Partners (NYSE: CAPL) director awarded 3,040 phantom units
Rhea-AI Filing Summary
CrossAmerica Partners LP director Justin A. Gannon was granted 3,040 phantom units on July 21, 2026. Each phantom unit is economically equivalent to one common unit and includes cash distribution-equivalent rights. The units vest in a single installment after one year and then convert into cash or common units at the issuer’s discretion, bringing his reported phantom-unit holdings to 39,568.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gannon Justin A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units F1, F2 | 3,040 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Units — 39,568 shares (Direct)
Footnotes (2)
- F1. Each phantom unit is the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners L.P. and is accompanied by tandem distribution equivalent rights that entitle the holder to cash payments equal to the amount of distributions authorized to be paid to the holders of Common Units.
- F2. The phantom units will vest in one annual installment on the first anniversary of the grant date, provided the reporting person was in continuous service as a director to the Issuer as of the vesting date, and when vested will be converted into either cash or common units, at the discretion of the Issuer.
Key Figures
Phantom units granted: 3,040 units
Underlying common units: 3,040 units
Total phantom units after grant: 39,568 units
+2 more
5 metrics
Phantom units granted
3,040 units
Grant to director Justin A. Gannon on July 21, 2026
Underlying common units
3,040 units
Each phantom unit is economically equivalent to one common unit
Total phantom units after grant
39,568 units
Director’s reported phantom-unit holdings following the transaction
Grant price per phantom unit
$0.0000 per unit
Reported transaction price for the phantom unit award
Transaction date
July 21, 2026
Date of the phantom unit grant
Key Terms
Phantom Units, Common Units, distribution equivalent rights, limited partner interest
4 terms
Phantom Units financial
"Each phantom unit is the economic equivalent of one common unit"
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
Common Units financial
"one common unit ("Common Unit") representing a limited partner interest"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
distribution equivalent rights financial
"accompanied by tandem distribution equivalent rights that entitle the holder to cash payments"
limited partner interest financial
"Common Unit representing a limited partner interest in CrossAmerica Partners L.P."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CrossAmerica Partners LP (CAPL) report for Justin A. Gannon?
Justin A. Gannon, a director of CrossAmerica Partners LP, was granted 3,040 phantom units on July 21, 2026. These are derivative interests tied to common units and increase his total reported phantom-unit holdings to 39,568.
What are the phantom units granted to the CAPL director and how do they work?
Each phantom unit is the economic equivalent of one common unit of CrossAmerica Partners LP. They are accompanied by distribution equivalent rights that entitle the holder to cash payments equal to distributions paid on the underlying common units.
What is the vesting schedule for Justin A. Gannon’s CAPL phantom units?
The 3,040 phantom units vest in a single annual installment on the first anniversary of the grant date. Vesting is conditioned on Mr. Gannon’s continuous service as a director through that date.
How will the CAPL phantom units be settled once they vest?
Upon vesting, the phantom units will be converted into either cash or common units, at CrossAmerica Partners LP’s discretion. This gives the issuer flexibility in how it settles the director’s vested award.
What are Justin A. Gannon’s total phantom-unit holdings in CAPL after this grant?
Following the grant, Justin A. Gannon’s reported holdings total 39,568 phantom units. These derivative interests are each economically equivalent to one common unit of CrossAmerica Partners LP.
Was the CAPL phantom unit grant to Justin A. Gannon made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox was not marked as affirming a trading plan. The grant is reported as a direct acquisition of phantom units, not pursuant to a disclosed Rule 10b5-1 plan.