CrossAmerica Partners director gains 3,154 units
CrossAmerica Partners LP director and 10% owner Joseph V. Topper Jr. acquired 3,154 Common Units on July 23, 2026 through the vesting and conversion of phantom units, each economically equivalent to one Common Unit.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
CrossAmerica Partners LP director and 10% owner Joseph V. Topper Jr. acquired 3,154 Common Units on July 23, 2026 through the vesting and conversion of phantom units, each economically equivalent to one Common Unit. After this transaction, he directly holds 96,558 Common Units representing limited partner interests.
Insider Trade Summary
0 shares exercised/converted
Exercise
2 txns
Insider
Topper Joseph V. Jr.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Units F2, F1 | 0 | -- | -- |
| Exercise | Common Units F1 | 3,154 | -- | -- |
Holdings After Transaction:
Phantom Units — 0 contracts (Direct);
Common Units — 96,558 shares (Direct)
Holdings Before and After:
Phantom Units, 0 to 0 contracts (Direct);
Common Units, 93,404 to 96,558 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: 3,154 Common Units
Common Units held after transaction: 96,558 Common Units
Phantom unit conversion ratio: 1 phantom unit = 1 Common Unit
+1 more
4 metrics
Common Units acquired
3,154 Common Units
Acquired on July 23, 2026 via vesting and conversion of phantom units
Common Units held after transaction
96,558 Common Units
Direct holdings of Joseph V. Topper Jr. following July 23, 2026 acquisition
Phantom unit conversion ratio
1 phantom unit = 1 Common Unit
Each phantom unit was the economic equivalent of one Common Unit
Transaction date
July 23, 2026
Vesting and conversion date for phantom units into Common Units
Key Terms
Phantom Units, Common Units, limited partner interest
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.
Common Units financial
"Common Units representing a limited partner interest in CrossAmerica Partners LP"
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.
limited partner interest financial
"Common Unit representing a limited partner interest in CrossAmerica Partners LP"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Joseph V. Topper Jr. acquire in CAPL's latest Form 4?
Joseph V. Topper Jr. acquired 3,154 Common Units of CrossAmerica Partners LP on July 23, 2026 through vesting and conversion of phantom units, resulting in direct holdings of 96,558 Common Units.
How many CrossAmerica Partners (CAPL) units does Joseph V. Topper Jr. now hold?
Following the reported July 23, 2026 transaction, Joseph V. Topper Jr. directly holds 96,558 Common Units of CrossAmerica Partners LP, after receiving 3,154 units upon vesting and conversion of phantom units.
What are "Phantom Units" in the CAPL Form 4 for Joseph V. Topper Jr.?
In this filing, each phantom unit was the economic equivalent of one Common Unit of CrossAmerica Partners LP. Upon vesting on July 23, 2026, these phantom units were converted into 3,154 Common Units at the issuer’s discretion.
Was the CAPL Form 4 transaction by Joseph V. Topper Jr. a market purchase or sale?
The reported activity was an exercise/conversion of phantom units into 3,154 Common Units, not an open-market purchase or sale. It reflects equity compensation vesting rather than trading in the public market.
Were Joseph V. Topper Jr.’s CAPL transactions under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox was not checked, indicating the reported acquisitions from phantom unit vesting were not affirmatively designated as occurring under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
