[Form 4] CrossAmerica Partners LP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CrossAmerica Partners LP executive vice president David Hrinak reported compensation-related unit movements. He acquired 1,832 fully vested common units through the 2025 Performance-Based Bonus Compensation Policy, and 624 common units were withheld to cover his tax obligations at a price of $20.78 per unit.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hrinak David
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 1,832 | $0.00 | -- |
| Tax Withholding | Common Units | 624 | $20.78 | $13K |
Holdings After Transaction:
Common Units — 51,331 shares (Direct)
Footnotes (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 Issuer's common units on the trading day prior to the applicable date.
FAQ
What insider transactions did CAPL executive David Hrinak report on this Form 4?
David Hrinak reported a compensation-related grant and a tax withholding. He acquired 1,832 fully vested CrossAmerica Partners LP common units and had 624 units withheld to satisfy tax obligations tied to that award at a referenced price of $20.78 per unit.
Was the CAPL Form 4 transaction by David Hrinak an open-market buy or sell?
The Form 4 does not report any open-market buy or sell. It shows a grant of 1,832 fully vested common units and a tax-withholding disposition of 624 units, used to pay withholding taxes rather than executed as a traditional market sale.
How many CrossAmerica Partners LP units does David Hrinak hold after these Form 4 transactions?
After the compensation grant and tax withholding, David Hrinak directly holds 50,707 CrossAmerica Partners LP common units. The reporting shows ownership remaining direct, with the tax-withholding disposition reducing his holdings from 51,331 units to 50,707 units following the transactions.
What is the nature of the 1,832 CAPL common units reported as acquired by David Hrinak?
The 1,832 common units are fully vested compensation. They were acquired under CrossAmerica Partners LP’s 2025 Performance-Based Bonus Compensation Policy, meaning they represent an earned bonus paid in equity rather than a purchase of units on the open market.
Why were 624 CrossAmerica Partners LP units disposed of in David Hrinak’s Form 4?
The 624 units were withheld to cover tax withholding obligations. Instead of paying cash for taxes on the 1,832-unit equity bonus, a portion of the awarded units was used at $20.78 per unit to satisfy the required tax withholding.