Javidi Eric M 4
4 · CrossAmerica Partners LP · Filed Nov 10, 2020
Insider Transaction Report
Form 4
Javidi Eric M
Chief Financial Officer
Transactions
- Award
Phantom Units
2020-11-09+6,090→ 6,090 total→ Common Units (6,090 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 L.P. 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]50% of the grant will vest ratably over three years, each as of December 31, until December 31, 2023. 50% of the grant will vest upon death or disability, or retirement if such retirement is not adverse to the interests of the Issuer, as determined by the Board in its sole discretion. This 50% portion will expire, if unvested, 20 years from the grant date.