CrossAmerica Partners (CAPL) SVP reports unit grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CrossAmerica Partners LP senior vice president Stephen J. Lattig reported compensation-related unit activity. He acquired 1,385 common units through a fully vested 2022 performance unit award, then had 491 common units withheld at $20.78 per unit to cover tax obligations. He now directly holds 21,597 common units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lattig Stephen J
Role
Senior Vice President Retail
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 1,385 | $0.00 | -- |
| Tax Withholding | Common Units | 491 | $20.78 | $10K |
Holdings After Transaction:
Common Units — 22,088 shares (Direct)
Footnotes (1)
- Fully vested common units acquired through the 2022 Performance Unit Award. 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 Stephen J. Lattig report?
Stephen J. Lattig reported acquiring 1,385 CrossAmerica Partners (CAPL) common units as a fully vested 2022 performance award. He also had 491 units withheld at $20.78 per unit to satisfy tax withholding, leaving him with 21,597 common units held directly.
Were Stephen J. Lattig’s CAPL unit transactions open-market buys or sells?
The CAPL transactions were compensation-related, not open-market trades. Lattig received 1,385 common units as a grant and 491 units were withheld to cover tax obligations, consistent with a tax-withholding disposition rather than a discretionary market purchase or sale.
How many CrossAmerica Partners (CAPL) units does Stephen J. Lattig now hold?
After the reported Form 4 transactions, Stephen J. Lattig directly holds 21,597 CrossAmerica Partners (CAPL) common units. This balance reflects both the 1,385-unit performance award and the 491 units withheld to satisfy tax withholding requirements associated with that equity compensation.
What was the price used for CAPL units withheld for Stephen J. Lattig’s taxes?
For the tax-withholding disposition, 491 CrossAmerica Partners (CAPL) common units were withheld at $20.78 per unit. A footnote explains this price equals the closing price of the issuer’s common units on the trading day immediately before the applicable transaction date.
What is the nature of the 1,385 CAPL units acquired by Stephen J. Lattig?
The 1,385 CrossAmerica Partners (CAPL) common units were fully vested units acquired through a 2022 Performance Unit Award. A footnote clarifies they represent a common-unit grant award, not an open-market purchase, and were added directly to Lattig’s beneficial holdings.
How does the Form 4 classify Stephen J. Lattig’s CAPL insider transactions?
The Form 4 classifies the 1,385-unit award as an acquisition under code A and the 491-unit tax withholding as a disposition under code F. Both transactions involve non-derivative CAPL common units and are reported as directly owned by Stephen J. Lattig.