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CrossAmerica Partners (NYSE: CAPL) EVP gets unit grants, withholds units for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CrossAmerica Partners LP executive vice president of operations Robert Brecker reported equity compensation transactions in the company’s common units. He received grants of 1,787 fully vested common units under the 2025 Performance-Based Bonus Compensation Policy and 1,117 fully vested common units from a 2022 Performance Unit Award, both at a stated price of $0.00 per unit.

To cover tax withholding obligations, 615 common units and 385 common units were withheld at a reference price of $20.78 per unit, described as the closing price on the trading day prior to the applicable date. Following these transactions, his directly owned common unit holdings changed as reflected in the reported post-transaction balances.

Positive

  • None.

Negative

  • None.
Insider Brecker Robert
Role Executive Vice Pres Operations
Type Security Shares Price Value
Grant/Award Common Units 1,787 $0.00 --
Tax Withholding Common Units 615 $20.78 $13K
Grant/Award Common Units 1,117 $0.00 --
Tax Withholding Common Units 385 $20.78 $8K
Holdings After Transaction: Common Units — 21,007 shares (Direct)
Footnotes (1)
  1. Fully vested common units acquired through the 2025 Performance-Based Bonus Compensation Policy. Common units withheld in payment of the reporting person's tax withholding. The closing price of the Issuer's common units on the trading day prior to the applicable date. Fully vested common units acquired through the 2022 Performance Unit Award.
Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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)
02/24/2026
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 02/24/2026 A 1,787 A (1) 21,007 D
Common Units 02/24/2026 F 615(2) D $20.78(3) 20,392 D
Common Units 02/24/2026 A 1,117 A (4) 21,509 D
Common Units 02/24/2026 F 385(2) D $20.78(3) 21,124 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
Explanation of Responses:
1. Fully vested common units acquired through the 2025 Performance-Based Bonus Compensation Policy.
2. Common units withheld in payment of the reporting person's tax withholding.
3. The closing price of the Issuer's common units on the trading day prior to the applicable date.
4. Fully vested common units acquired through the 2022 Performance Unit Award.
Remarks:
Christina Casey-Best as Attorney-in-Fact for Robert Brecker 02/25/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Robert Brecker report in this CAPL Form 4 filing?

Robert Brecker reported equity compensation activity in CrossAmerica Partners LP common units, including grants and tax-related withholdings. These transactions reflect routine awards under company incentive programs and associated units withheld to satisfy tax obligations, not open-market purchases or sales.

How many CrossAmerica Partners (CAPL) units were granted to Robert Brecker?

Robert Brecker was granted 1,787 fully vested common units under the 2025 Performance-Based Bonus Compensation Policy and 1,117 fully vested common units under a 2022 Performance Unit Award. Both grants were reported at a stated price of $0.00 per unit as equity compensation.

Why were some CAPL units disposed of in Robert Brecker’s Form 4?

The filing shows dispositions of 615 common units and 385 common units to cover tax withholding obligations. These are labeled as payments of tax liability by delivering securities, meaning the units were withheld for taxes rather than sold in open-market transactions.

What price was used for the tax-withholding CAPL unit dispositions?

For the tax-withholding dispositions, the filing cites a price of $20.78 per common unit. A footnote explains this represents the closing price of CrossAmerica Partners LP common units on the trading day prior to the applicable date for those tax-related withholdings.

What type of ownership does Robert Brecker report for these CAPL units?

All reported CrossAmerica Partners LP common units in this filing are classified as directly owned by Robert Brecker. The transactions are coded with direct ownership, and no footnotes indicate holdings through separate entities, trusts, or other indirect ownership structures.