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

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 11
Chunk 27
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vested portion of the fifty percent of the TBUAs that will vest a third each on December 31, 2025 and 2026. The remaining 50% will vest upon death, disability, or retirement with board approval. The first third vested on December 31, 2024. The market value is based on the December 31, 2024, closing unit price of our common units.

(4)Represents the unvested portion of the fifty percent of the TBUAs that will vest the final third on December 31, 2025. The first third vested on December 31, 2023 and the second third vested on December 31, 2024. The remaining 50% will vest upon death, disability or retirement with board approval. The market value is based on the December 31, 2024, closing unit price of our common units.

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(5)Represents the unvested portion of the fifty percent of the TBUAs that will vest upon death, disability or retirement with board approval. The market value is based on the December 31, 2024, closing unit price of our common units.

(6)Represents the target dollar amount of the PBUAs that will convert into common units or cash, or both, at the discretion of the Board, based on attainment of the Performance Goals. The PBUAs vest on December 31, 2027. The PBUAs are weighted 50% for Increase of Funds Flow from Operations per Unit and 50% for Partnership Leverage, with a performance period from January 1, 2025, to December 31, 2027, and the reference period ending on December 31, 2024. 

(7)Represents the target dollar amount of the PBUAs that will convert into common units or cash, or both, at the discretion of the Board, based on attainment of the Performance Goals. The PBUAs vest on December 31, 2026. The PBUAs are weighted 50% for Increase of Funds Flow from Operations per Unit and 50% for Partnership Leverage, with a performance period from January 1, 2024, to December 31, 2026, and the reference period ending on December 31, 2023. 

(8)Represents the target dollar amount of the PBUAs that will convert into common units or cash, or both, at the discretion of the