Stephen J. Lattig - 24 Apr 2023 Form 3 Insider Report for CrossAmerica Partners LP (CAPL)

Role: Senior Vice President Retail
Signature: Christina Casey-Best as Attorney-in-Fact for Stephen J. Lattig
Issuer symbol: CAPL
Transactions as of: 24 Apr 2023
Transactions value $: $0
Form type: 3
Filing time: 24 Apr 2023, 14:01:55 UTC
Next filing: 23 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CAPL	Common Units						15,955	24 Apr 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CAPL	Phantom Units							24 Apr 2023	Common Units	3,764		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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	50% of the grant will vest ratably over three years, each as of December 31, until December 31, 2025. 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 of October 25, 2022.