CrossAmerica (CAPL) Director Justin Gannon Receives 3,154 Units

What Happened

• Justin A. Gannon, a director of CrossAmerica Partners LP (CAPL), acquired 3,154 common units on July 23, 2026. The filing reports the acquisition as an exercise/conversion of a derivative (code M) tied to phantom units; no cash sale was reported.

Key Details

• Transaction date: July 23, 2026; Form 4 filed July 24, 2026 (appears timely).
• Shares acquired: 3,154 common units. Price per unit: N/A in filing (conversion of phantom units rather than an open-market purchase).
• Dispositions: The filing also shows a derivative line of 0 shares (no units disposed).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — each phantom unit equaled one common unit; units were converted to common units on vesting. F2 — phantom units vested on July 23, 2026 and were converted at the issuer’s discretion.

Context

• This was a conversion/vesting event (derivative conversion), not an open-market purchase or sale. Such awards are routine compensation/settlement of deferred units and do not by themselves indicate the insider is buying or selling shares in the market.
• No dollar value or sale proceeds were reported, so market-impact or insider profit cannot be determined from this filing alone.