CrossAmerica Partners (NYSE: CAPL) CEO receives 12,061 phantom units
Rhea-AI Filing Summary
CrossAmerica Partners LP reported an equity compensation grant to its President and CEO, who also serves as a director. On 12/10/2025, the executive received 12,061 phantom units, each economically equivalent to one common unit and carrying rights to receive cash equal to common unit distributions. Following this grant, the executive beneficially owns 57,375 derivative securities.
Half of the phantom unit award will vest ratably over three years, on each December 31 through December 31, 2028. The remaining 50% will vest upon death, disability, or certain retirements deemed not adverse to the issuer’s interests, and any unvested portion of that half will expire 20 years from the grant date.
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Insights
CEO receives 12,061 long-term phantom units with time- and event-based vesting.
The reporting shows that the President and CEO of CrossAmerica Partners LP was granted 12,061 phantom units on December 10, 2025. These units are economically equivalent to common units and include distribution equivalent rights, meaning the holder is entitled to cash equal to distributions paid on common units.
Vesting is split: 50% vests ratably over three years on each December 31 through December 31, 2028, creating a multi‑year retention incentive. The other 50% vests upon death, disability, or qualifying retirement and otherwise can remain unvested for up to 20 years from grant before expiring. After this grant, the executive holds 57,375 derivative securities directly, aligning compensation with the value and distributions of the partnership’s common units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 12,061 | $0.00 | -- |
Footnotes (1)
- 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. 50% of the grant will vest ratably over three years, each as of December 31, until December 31, 2028. 50% of the grant will vest upon death or disability, or retirement if such retirement is not adverse to the interests of the Issuer, as determined by the Board in its sole discretion. This 50% portion will expire, if unvested 20 years from the grant date.
