Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 195

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 195
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 by the Board. The Board calculated the Funds Flow from Operations per Unit to account for certain extraordinary periods of fuel margin during the 2021 Measurement Period as well as the issuance of the Preferred Membership Interests in 2022, and calculated the Partnership Leverage to account for cash holdings and certain gains on the sale of assets. The performance was calculated consistent with the Partnership’s financial information filed with the Securities and Exchange Commission and as adjusted in accordance with the preceding sentence. After careful consideration by the Board, a payout factor of 119% of the target dollar amount for the 2021 PBUAs was determined, based on the achievement of results against the pre-established target levels and application of the adjustments as described above. The table below shows the target dollar amount granted in 2021, the dollar payout earned and the actual number of units delivered.

    Named Executive Officer
     
    Target Dollar Amount ($)

    Payout %

    Payout Dollar Amount ($)

    Number of Units (1)

    Charles M. Nifong, Jr.

    375,000

    119
    %

    447,664

    19,674

    Maura Topper

    135,000

    119
    %

    161,159

    7,083

    Keenan D. Lynch

    101,040

    119
    %

    120,619

    5,301

    Robert Brecker

    52,416

    119
    %

    62,573

    2,750

    Stephen J. Lattig

    —

    0
    %

    —

    —

(1)	The number of units is equal to the payout dollar amount of the 2021 PBUA divided by the 20-day volume weighted average price through February 21, 2025 with a payment date on or before March 7, 2025.

Other Benefits

All NEOs were eligible after completing one year of service to participate in the Dunne Manning 401(k) plan, a qualified safe harbor plan with 100% match of employee contributions up to 4% of the executive’s base salary. All NEOs were eligible to receive voluntary benefit programs, including medical, dental and vision. All NEOs were eligible for life and disability insurance upon hire.

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Other Compensation Policies and Practices

Restrictions on Hedging, Pledging and Other Transactions

Our Insider Trading Policy prohibits “