Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 32

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 11
Chunk 32
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 based on the closing price of the Partnership’s common units on the close of business the day prior to the date of grant as compensation for their service from June 28, 2024 until June 27, 2025. Such phantom units vest one year from the grant date of the award and include the payment made by the Partnership of distribution equivalent rights equal to the amount of distributions authorized to be paid to holders of common units of the Partnership.

Our directors are reimbursed for all out-of-pocket expenses in connection with attending meetings of the Board or its committees. To the extent permitted under Delaware law, each director is fully indemnified by us for actions associated with being a director.

The following table provides the compensation amounts for each of our non-employee directors for 2024.

    Directors
     
    Fees Earned orPaid in Cash ($) (1)

    Stock or UnitAwards and OptionAwards ($) (2)

    All OtherCompensation ($) (3)

    Total ($)

    Justin A. Gannon (4) (5)

    84,188

    66,875

    7,001

    158,064

    Mickey Kim (4) (5)

    84,188

    66,875

    7,001

    158,064

    Kenneth G. Valosky (4)

    74,188

    66,875

    7,001

    148,064

    J.B. Reilly Jr. (4)

    70,188

    66,875

    7,001

    144,064

    Joseph V. Topper, Jr. (4)

    71,188

    66,875

    7,001

    145,064

    Thomas E Kelso (4)

    74,188

    66,875

    7,001

    148,064

(1)Non-employee directors received a cash retainer of $66,875 (paid quarterly) and an additional $10,000 for chairs of the Committees. In addition, each non-employee director received $1,000 per each Board meeting attended and $500 per each Committee meeting attended.

(2)Under the CrossAmerica Partners LP 2022 Incentive Award Plan, the directors received phantom units that can be converted to common units or cash, at the discretion of the Board. The amounts shown represent