CrossAmerica Partners (NYSE: CAPL) director gains 3,154 common units via phantom awards
Rhea-AI Filing Summary
CrossAmerica Partners LP director Thomas E. Kelso acquired Common Units representing limited partner interests through the vesting and conversion of phantom units. On July 23, 2026, phantom units that were economically equivalent to Common Units converted into 3,154 Common Units, after which Kelso directly owned 12,298 Common Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,154 shares
Net Buy
2 txns
Insider
Kelso Thomas E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units F2, F1 | 0 | -- | -- |
| Exercise | Common Units F1 | 3,154 | -- | -- |
Holdings After Transaction:
Phantom Units — 0 shares (Direct);
Common Units — 12,298 shares (Direct)
Footnotes (2)
- F1. Each phantom unit was the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP (the "Issuer"). The reporting person acquired Common Units upon vesting of the phantom units.
- F2. Phantom units vested on July 23, 2026 and were converted into Common Units at the discretion of the Issuer.
Key Figures
Common Units acquired: 3154 units
Holdings after transaction: 12298 units
Phantom units converted: 3154 units
3 metrics
Common Units acquired
3154 units
Underlying Common Units received upon vesting and conversion of phantom units on July 23, 2026
Holdings after transaction
12298 units
Direct Common Units owned by Thomas E. Kelso after the July 23, 2026 transaction
Phantom units converted
3154 units
Phantom units economically equivalent to Common Units that vested and converted on July 23, 2026
Key Terms
Phantom Units, limited partner interest, Common Units
3 terms
Phantom Units financial
"Each phantom unit was the economic equivalent of one common unit"
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.
limited partner interest financial
"Common Unit representing a limited partner interest in CrossAmerica Partners LP"
Common Units financial
"The reporting person acquired Common Units upon vesting of the phantom 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Thomas E. Kelso report for CAPL?
Thomas E. Kelso, a director of CrossAmerica Partners LP, reported acquiring 3,154 Common Units on July 23, 2026 through the vesting and conversion of phantom units that were economically equivalent to Common Units representing limited partner interests in the partnership.
How many CrossAmerica Partners LP Common Units did Kelso acquire in this CAPL transaction?
Kelso acquired 3,154 Common Units of CrossAmerica Partners LP. These units were received when an equal number of phantom units, each economically equivalent to one Common Unit, vested and were converted into Common Units on July 23, 2026 at the issuer’s discretion.
What are phantom units in the CAPL report involving Thomas E. Kelso?
The phantom units were awards whose value was the economic equivalent of one CrossAmerica Partners LP Common Unit. When these phantom units vested on July 23, 2026, they were converted into Common Units, giving Kelso actual limited partner interests instead of synthetic, cash-settled equivalents.
What are Thomas E. Kelso’s CAPL Common Unit holdings after the reported transaction?
After the July 23, 2026 conversion of phantom units, Thomas E. Kelso directly owned 12,298 CrossAmerica Partners LP Common Units. This figure reflects his post-transaction direct holdings of Common Units representing limited partner interests in the partnership.
When did Kelso’s phantom units vest and convert into CAPL Common Units?
Kelso’s phantom units vested and converted into Common Units on July 23, 2026. Upon vesting, phantom units that were economically equivalent to Common Units were converted at the issuer’s discretion into 3,154 Common Units representing limited partner interests.