Valosky Kenneth G 4

4 · CrossAmerica Partners LP · Filed Jul 21, 2026

AI-generated summary of this filing

Updated Jul 21, 2026

CrossAmerica (CAPL) Director Kenneth Valosky Receives 3,040-Unit Award

What Happened

Kenneth G. Valosky, a director of CrossAmerica Partners L.P. (CAPL), received a grant of 3,040 phantom units on 2026-07-21. The award is reported as a derivative grant at $0.00 per unit (transaction code A); the filing shows an acquisition of 3,040 units but reports no immediate cash value. These phantom units are part of director compensation, not an open-market purchase or sale.

Key Details

Transaction date and type: 2026-07-21, Grant/Award (A) — 3,040 phantom units @ $0.00 (derivative).
Shares/units owned after transaction: not specified in the filing provided.
Footnote highlights:
- F1: Each phantom unit equals the economic equivalent of one common unit and carries distribution-equivalent rights (cash payments equal to distributions on common units).
- F2: Units vest in one annual installment on the grant anniversary if the director remains in continuous service; once vested they will be converted into cash or common units at the issuer’s discretion.
Filing timeliness: filed with a period/end date of 2026-07-21 (no late filing indicated).

Context

Phantom units act like restricted stock units — they provide economic exposure and distribution rights but are not immediately tradable common units until converted. This is a routine director compensation award and should be viewed as non-market liquidity activity rather than an immediate buy or sell signal.

Form 4

Period: 2026-07-21

Director

Transactions

Award
Phantom Units
[F1][F2]
2026-07-21+3,040→ 26,844 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 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 Isser.

Signature

/s/ Christina Casey Best as Attorney in Fact for Kenneth G. Valosky|2026-07-21

1 file