CrossAmerica Partners director converts phantom units
CrossAmerica Partners LP reporting person John B. Reilly III, a director and 10% owner, reported the vesting and conversion of phantom units into common units on July 23, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
CrossAmerica Partners LP reporting person John B. Reilly III, a director and 10% owner, reported the vesting and conversion of phantom units into common units on July 23, 2026. The conversion delivered 3154.0000 Common Units, and he now directly holds 36621.0000 Common Units following the transaction.
Insider Trade Summary
0 shares exercised/converted
Exercise
2 txns
Insider
Reilly John B. III
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 — 36,621 shares (Direct)
Holdings Before and After:
Phantom Units, 0 to 0 contracts (Direct);
Common Units, 33,467 to 36,621 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: 3154.0000 Common Units
Common Units held after transaction: 36621.0000 Common Units
Phantom Units remaining after conversion: 0.0000 Phantom Units
+1 more
4 metrics
Common Units acquired
3154.0000 Common Units
Common Units received upon vesting and conversion of phantom units on July 23, 2026
Common Units held after transaction
36621.0000 Common Units
Direct holdings of John B. Reilly III following the July 23, 2026 conversion
Phantom Units remaining after conversion
0.0000 Phantom Units
Total phantom units of this award following conversion into Common Units
Vesting date
July 23, 2026
Date phantom units vested and were converted into Common Units
Key Terms
Phantom Units, Common Unit, 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 Unit financial
"one common unit ("Common Unit") representing a limited partner interest"
A common unit is a single piece of ownership in a company, fund, or trust—similar to an ordinary share but often used for pooled vehicles or listings where securities are packaged or governed differently. It matters to investors because each unit represents a claim on profits and, commonly, voting power; like holding a seat at a table, the number of units you own affects your share of returns and influence, and unit structures can also affect liquidity and tax treatment.
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 insider transaction did John B. Reilly III report for CAPL?
John B. Reilly III reported the vesting and conversion of phantom units into 3154.0000 Common Units on July 23, 2026. These units represent limited partner interests in CrossAmerica Partners LP and are now held directly by him.
How many CrossAmerica Partners (CAPL) units does John B. Reilly III hold after this Form 4?
After the reported transaction, John B. Reilly III directly holds 36621.0000 Common Units of CrossAmerica Partners LP. This reflects the addition of 3154.0000 Common Units received upon vesting and conversion of previously granted phantom units.
What are phantom units in the context of CrossAmerica Partners LP (CAPL)?
Each phantom unit was described as the economic equivalent of one Common Unit representing a limited partner interest in CrossAmerica Partners LP. Upon vesting, these phantom units were converted into Common Units and delivered to the reporting person.
When did the phantom units for CAPL vest and convert into common units?
The phantom units vested on July 23, 2026 and were converted into Common Units at the discretion of the issuer. On that date, 3154.0000 Common Units were acquired by the reporting person through this vesting and conversion.
Was the CAPL Form 4 transaction under a Rule 10b5-1 trading plan?
The Rule 10b5-1 trading plan checkbox in this Form 4 was not affirmed, indicating no declaration that the transactions were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
