Kim Mickey 4

4 · CrossAmerica Partners LP · Filed Jul 21, 2026

AI-generated summary of this filing

Updated Jul 21, 2026

CrossAmerica (CAPL) Director Kim Mickey Receives Phantom Unit Award

What Happened

Kim Mickey, a director of CrossAmerica Partners L.P. (CAPL), received a grant of 3,040 phantom units (derivative awards) on July 21, 2026. The filing reports an acquisition price of $0.00 (award/grant), not an open‑market purchase or sale.
These phantom units are reported as derivative securities and carry distribution equivalent rights (see footnotes). The units will vest in one annual installment on the first anniversary of the grant, provided Mickey remains a director, and when vested they will be converted to either cash or common units at the issuer’s discretion.

Key Details

Transaction date and price: 2026-07-21; 3,040 phantom units @ $0.00 (Transaction code A — Award/Grant).
Shares/units owned after the transaction: Not specified in the Form 4 provided.
Footnotes: F1 — phantom units equal the economic equivalent of one common unit and include distribution equivalent rights. F2 — vesting in one installment on the first anniversary, contingent on continuous service; conversion to cash or common units at issuer’s discretion.
Timeliness: Report filed on 2026-07-21 for a transaction on 2026-07-21 (no late filing indicated in the record).

Context

This is an award of derivative securities (phantom units), not a market purchase or sale; such grants are routine for non‑employee directors as compensation and do not, by themselves, indicate buying or selling sentiment. The units only deliver economic value if/when they vest and are converted to cash or common units.

Form 4

Period: 2026-07-21

Director

Transactions

Award
Phantom Units
[F1][F2]
2026-07-21+3,040→ 33,884 total
→ Common Units (3,040 underlying)

Footnotes (2)

[F1]Each phantom unit is the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners L.P. and is accompanied by tandem distribution equivalent rights that entitle the holder to cash payments equal to the amount of distributions authorized to be paid to the holders of Common Units.
[F2]The phantom units will vest in one annual installment on the first anniversary of the grant date, provided the reporting person was in continuous service as a director to the Issuer as of the vesting date, and when vested will be converted into either cash or common units, at the discretion of the Issuer.

Signature

/s/ Christina Casey-Best as Attorney-in-Fact for Mickey Kim|2026-07-21

1 file