Reilly John B. III 4
4 · CrossAmerica Partners LP · Filed Jul 25, 2022
Insider Transaction Report
Form 4
Reilly John B. III
Director
Transactions
- Exercise/Conversion
Phantom Units
2022-07-22−3,252→ 3,041 total→ Common Units (3,252 underlying) - Exercise/Conversion
Common Units
2022-07-22+3,252→ 23,758 total
Footnotes (3)
- [F1]Each phantom unit was the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP (the "Issuer"). The reporting person acquired Common Units upon vesting of the phantom units.
- [F2]As reported on the Form 4 filed on July 23, 2021, prior to this transaction, Mr. Reilly directly held 20,506 Common Units. In addition, as one of the two trustees of the 2008 Irrevocable Agreement of Trust of John B Reilly Jr. (the "Trust"), Mr. Reilly may be deemed to be the indirect beneficial owner of all of the 4,964,611 Common Units directly held by the Trust.
- [F3]Phantom units vested on July 22, 2022 and were converted to common units at the discretion of the Issuer.