Gannon Justin A. 4
4 · CrossAmerica Partners LP · Filed Jul 26, 2021
Insider Transaction Report
Form 4
Gannon Justin A.
Director
Transactions
- Award
Phantom Units
2021-07-22+3,252→ 7,354 total→ Common Units (3,252 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 of distributions authorized to be paid to the holders of Common Units.
- [F2]The phantom units will vest in one annual installment on the first anniversary of the grant date, and when vested will be converted into either cash or common units, at the discretion of the Issuer.