CrossAmerica Partners (CAPL) Director Justin Gannon Receives Award

What Happened
Justin A. Gannon, a director of CrossAmerica Partners L.P. (CAPL), received a grant of 3,040 phantom units on July 21, 2026. The award is reported as a derivative grant (transaction code A) with $0.00 per-unit price at grant (no cash paid). These phantom units represent economic equivalents of common units and include distribution equivalent rights.

Key Details

• Transaction date: 2026-07-21; reported same day.
• Award: 3,040 phantom units; reported price $0.00 (grant).
• Vesting: Units vest in one annual installment on the first anniversary of the grant, subject to continued service as a director (Footnote F2).
• Conversion: Upon vesting the units will be converted into either cash or common units at the issuer’s discretion (Footnotes F1 & F2). Phantom units carry tandem distribution equivalent rights (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Filing and report date are the same (no late filing indicated).

Context: This is a compensation-related derivative award to a director, not an open-market purchase or sale. Such grants are common for board compensation; they do not by themselves indicate a buy/sell signal. The economic value will be realized only if/when units vest and are converted to cash or common units.