Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 30

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 11
Chunk 30
---
 awards under the Lehigh Gas Partners LP 2012 Incentive Award Plan. 

CrossAmerica Partners LP 2022 Incentive Award Plan

Under the CrossAmerica Partners LP 2022 Incentive Award Plan and the award agreements, in the event an NEO’s employment is terminated for any reason, all outstanding TBUAs and PBUAs will be forfeited without payment, except that upon an NEO’s death, disability or retirement with Board approval, the TBUAs will vest in full, and the PBUAs will be determined in accordance with its terms, subject to adjustments as the Board may make in its reasonable discretion. Upon a change in control of the Partnership, the Board in its sole discretion may determine the treatment. If, upon death, disability or retirement with Board approval of any of Messrs. Nifong, Lynch, Brecker and Lattig and Ms. Topper as of December 31, 2024, their TBUAs will vest in full in the amounts of $676,434, $305,624, $207,746, $212,586 and $258,038, respectively. The PBUAs will be valued at zero as the performance period commences on January 1, 2025.

Principal Executive Officer Pay Ratio

We are providing the following information about the relationship of the annual total compensation of individuals providing services in respect to the Partnership and the annual total compensation of Charles M. Nifong, Jr., our Principal Executive Officer (our “PEO”):

For the year ended December 31, 2024:

▪the median of the annual total compensation of all individuals providing services in respect of the Partnership (other than our PEO) was $81,603; and

▪the annual total compensation of our PEO was $1,070,144.

Based on this information for 2024, we have determined that the ratio of our PEO’s annual total compensation to the annual total compensation of our median employee was 13:1. Our pay ratio figure was calculated in a manner consistent with Item 40(u) of Regulation S-K.

As of December 31, 2024, there were 199 employees of an affiliate of the Topper Group who provided substantial management services to us for the full year. As discussed in this Form 10-K, our PEO is an employee of an affiliate of the Topper Group, but we are including his annual total compensation in the determination of the PEO pay ratio,