CrossAmerica Partners (CAPL) EVP reports equity award vesting and tax withholding

Rhea-AI Filing Summary

CrossAmerica Partners LP executive reports vesting of equity awards. A Form 4 shows that the Executive Vice President of Operations acquired 1,871 common units on December 31, 2025 upon vesting of previously granted phantom units. Of these, 546 common units were withheld to cover tax obligations at a reference price of $20.51 per unit, leaving the transaction coded as both an acquisition and a tax-related disposition.

After these transactions, the reporting person beneficially owns 19,220 common units directly. In addition, 15,028 phantom units remain outstanding, each representing a contingent right to receive one common unit of CrossAmerica Partners LP, with the phantom units tied to a vesting date of December 31, 2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brecker Robert

(Last) (First) (Middle)

107 SACRAMENTO DRIVE

SUITE 400

(Street)

QUAKERTOWN PA 18951

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CrossAmerica Partners LP [ CAPL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice Pres Operations

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units	12/31/2025		M		1,871	A	(1)	19,766	D
Common Units	12/31/2025		F		546(2)	D	$20.51(3)	19,220	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units	(4)	12/31/2025		M			1,871	(5)	(5)	Common Units	1,871	$0	15,028	D

Explanation of Responses:

1. Common Units acquired upon vesting of phantom units.

2. Common units withheld in payment of the reporting person's tax withholding triggered by vesting.

3. The price at the close of business on the day preceding the vest event.

4. Each phantom unit represents a contingent right to receive one of the Issuers common units.

5. December 31, 2025.

Remarks:

	Christina Casey-Best as Attorney-in-Fact for Robert Brecker	01/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did CAPL report for December 31, 2025?

The Executive Vice President of Operations of CrossAmerica Partners LP (CAPL) reported the vesting of phantom units on December 31, 2025, resulting in the acquisition of 1,871 common units.

How many CAPL units were withheld for taxes in this Form 4 filing?

Of the units that vested, 546 common units were withheld to satisfy the reporting person’s tax withholding obligations, using a reference price of $20.51 per unit.

How many CAPL common units does the insider own after this transaction?

Following the reported transactions, the insider beneficially owns 19,220 common units of CrossAmerica Partners LP in direct ownership.

What are the phantom units mentioned in the CAPL Form 4?

The Form 4 explains that each phantom unit represents a contingent right to receive one of the issuer’s common units. After the transaction, 15,028 phantom units remain beneficially owned by the reporting person.

What is the reporting person’s role and relationship to CrossAmerica Partners LP (CAPL)?

The reporting person is an officer of CrossAmerica Partners LP, serving as Executive Vice President Operations, and filed the Form 4 as a single reporting person.

Was the CAPL insider transaction linked to a purchase or sale plan under Rule 10b5-1?

The form includes a checkbox for transactions made under a Rule 10b5-1(c) trading plan, but the provided excerpt does not indicate that this box was checked for the reported transactions.