Kim Mickey 4

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.