Valosky Kenneth G 4

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.