CAPL exec gets unit awards, withholds for taxes

CrossAmerica Partners LP director and executive Keenan D. Lynch reported equity compensation and related tax withholdings in common units.

Rhea-AI Filing Summary

CrossAmerica Partners LP director and executive Keenan D. Lynch reported equity compensation and related tax withholdings in common units. On February 24, Lynch acquired 1,944 fully vested units under the 2025 performance-based bonus policy and 1,722 fully vested units from a 2022 performance unit award, both at no cash cost. In two separate transactions that same day, a total of 1,250 units were disposed of at $20.78 per unit to cover tax withholding obligations, leaving Lynch with 24,108 common units held directly after the reported transactions.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Lynch Keenan D

Role Gen Counsel and CAO

Type	Security	Shares	Price	Value
Grant/Award	Common Units	1,944	$0.00	$0.00
Exercise Price or Tax Liability	Common Units	663	$20.78	$14K
Grant/Award	Common Units	1,722	$0.00	$0.00
Exercise Price or Tax Liability	Common Units	587	$20.78	$12K

Holdings After Transaction: Common Units — 24,108 shares (Direct)

Footnotes (4)

1. F1. Fully vested common units acquired through the 2025 Performance-Based Bonus Compensation Policy.
2. F2. Common units withheld in payment of the reporting person's tax withholding.
3. F3. The closing price of Issuer's common units on the trading day prior to the applicable date.
4. F4. Fully vested common units acquired through the 2022 Performance Unit Award.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CAPL executive Keenan D. Lynch report on February 24?

Keenan D. Lynch reported acquiring common units through equity awards and disposing of units for tax withholding. The filing shows fully vested units from a 2025 performance-based bonus and a 2022 performance award, plus related tax-withholding dispositions at a stated market price.

How many CrossAmerica Partners (CAPL) units did Lynch acquire through awards?

Lynch acquired 1,944 fully vested common units under the 2025 Performance-Based Bonus Compensation Policy and 1,722 fully vested units from a 2022 Performance Unit Award. Both awards were reported at a price per unit of $0.00, reflecting non-cash equity compensation grants.

How many CAPL units were disposed of to cover tax withholding for Lynch?

A total of 1,250 common units were disposed of to satisfy tax withholding obligations. The filing breaks this into 663 units and 587 units, each priced at $20.78 per unit, described as payment of tax liability by delivering securities rather than open-market selling.

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

The tax-withholding dispositions used a price of $20.78 per common unit. A footnote explains this represents the closing price of the issuer’s common units on the trading day prior to the applicable date, providing the basis for valuing the withheld units.

How many CrossAmerica Partners (CAPL) units does Lynch own after these transactions?

After the reported acquisitions and tax-withholding dispositions, Lynch directly owns 24,108 common units. The totals in the Form 4 reflect sequential changes following each transaction, with the final reported balance showing Lynch’s direct ownership stake after all entries on that date.

Were Lynch’s CAPL unit acquisitions part of a cash purchase or compensation?

The acquisitions were part of equity compensation, not cash purchases. Footnotes state the fully vested common units came from the 2025 Performance-Based Bonus Compensation Policy and a 2022 Performance Unit Award, both recorded at a transaction price of $0.00 per unit in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/25/2026 - 11:01 AM Learn about SEC filing dates

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^*

Lynch Keenan D

(Last) (First) (Middle)

645 HAMILTON STREET, SUITE 400

(Street)

ALLENTOWN PA 18101

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Gen Counsel and CAO

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		1,944	A	(1)	23,636	D
Common Units	02/24/2026		F		663(2)	D	$20.78(3)	22,973	D
Common Units	02/24/2026		A		1,722	A	(4)	24,695	D
Common Units	02/24/2026		F		587(2)	D	$20.78(3)	24,108	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 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:

	Keenan D. Lynch	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.