Reilly John B. III 4
4 · CrossAmerica Partners LP · Filed Mar 1, 2021
Insider Transaction Report
Form 4
Reilly John B. III
Director
Transactions
- Award
Phantom Units
2021-02-25+1,509→ 1,509 total→ Common Units (1,509 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 LP, 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 installment on July 23, 2021, subject to the terms that apply to such award, and when vested will be converted into either cash or common units, at the discretion of the Issuer.