CrossAmerica CEO vests 6,180 units, withholds for tax
CrossAmerica Partners LP reports that President and CEO Charles M. Nifong Jr. had 6,180 phantom units vest into 6,180 common units on December 31, 2025.
Rhea-AI Filing Summary
CrossAmerica Partners LP reports that President and CEO Charles M. Nifong Jr. had 6,180 phantom units vest into 6,180 common units on December 31, 2025. In connection with this vesting, 1,779 common units were withheld to satisfy tax obligations at a value based on $20.51 per unit. Following these transactions, Nifong directly holds 81,906 common units and 51,195 phantom units, with each phantom unit representing a contingent right to receive one common unit.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,180 shares exercised/converted
Exercise
3 txns
Insider
Nifong Charles M Jr.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units | 6,180 | $0.00 | $0.00 |
| Exercise | Common Units | 6,180 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units | 1,779 | $20.51 | $36K |
Holdings After Transaction:
Phantom Units — 51,195 contracts (Direct);
Common Units — 81,906 shares (Direct)
Footnotes (5)
- F1. Common Units acquired upon vesting of phantom units.
- F2. Common units withheld in payment of the reporting person's tax withholding triggered by vesting.
- F3. The price at the close of business on the day preceding the vest event.
- F4. Each phantom unit represents a contingent right to receive one of the Issuers common units.
- F5. December 31, 2025.
Key Figures
Phantom units vested: 6,180 units
Common units acquired from vesting: 6,180 units
Common units withheld for taxes: 1,779 units
+3 more
6 metrics
Phantom units vested
6,180 units
Phantom units exercised/converted into common units on December 31, 2025
Common units acquired from vesting
6,180 units
Common units received upon vesting of phantom units on December 31, 2025
Common units withheld for taxes
1,779 units
Units withheld to satisfy tax obligations related to vesting
Tax withholding reference price
$20.51 per unit
Closing price on the day preceding the vest event used for withholding
Post-transaction common units held
81,906 units
Direct common unit holdings of the CEO after the reported transactions
Post-transaction phantom units held
51,195 units
Phantom unit balance after 6,180 units vested into common units
Key Terms
Phantom Units, tax withholding, contingent right, Common Units
4 terms
Phantom Units financial
"Common Units acquired upon vesting of phantom units."
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
tax withholding financial
"Common units withheld in payment of the reporting person's tax withholding triggered by vesting."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
contingent right financial
"Each phantom unit represents a contingent right to receive one of the Issuers common units."
Common Units financial
"Each phantom unit represents a contingent right to receive one of the Issuers common units."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CAPL President and CEO Charles M. Nifong Jr. report in this Form 4?
Charles M. Nifong Jr. reported the vesting of 6,180 phantom units into common units and the withholding of 1,779 common units to cover tax obligations related to that vesting on December 31, 2025.
How many CrossAmerica Partners (CAPL) phantom units vested for the CEO?
On December 31, 2025, 6,180 phantom units vested for the CEO, converting into an equal number of common units. Each phantom unit represents a contingent right to receive one common unit of CrossAmerica Partners LP.
How many CAPL common units were withheld for taxes in this insider transaction?
A total of 1,779 common units were withheld to satisfy the CEO’s tax withholding obligations, using a per-unit value of $20.51, which reflects the closing price on the day before the vesting event.
What are Charles M. Nifong Jr.’s direct common unit holdings in CAPL after these transactions?
After the reported transactions, Charles M. Nifong Jr. directly holds 81,906 common units of CrossAmerica Partners LP, according to the post‑transaction holdings reported in the filing’s position table.
How many phantom units does the CAPL CEO hold following the vesting event?
Following the December 31, 2025 vesting, the CEO holds 51,195 phantom units. Each phantom unit continues to represent a contingent right to receive one common unit, providing additional equity-linked compensation exposure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
