Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 208

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 208
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, we included the amount of base salary and overtime the employee received during the year and all other pay elements related to base salary including, but not limited to, cash bonuses, holiday pay, vacation pay and other paid time off, if any. Aggregate salary amounts did not include any commissions or other compensation. In making this determination, we excluded any full-time and part-time permanent employees who were hired in 2024 but were not employed by us for the entire year ended December 31, 2024.

Once we identified our median employee, we then determined that employee’s annual total compensation, including any perquisites and other benefits, in the same manner that we determine the annual total compensation of our NEOs for purposes of the Summary Compensation Table disclosed above. The annual total compensation of our median employee was determined to be $81,603. This annual total compensation amount for our median employee was then compared to the total compensation of our PEO for 2024 of $1,070,144. The elements included in the PEO’s annual total compensation are fully discussed above in the footnotes to the Summary Compensation Table.

Director Compensation

Overview

Set out below is a discussion of compensation paid for 2024 to individuals who served as non-employee members of our Board during any portion of 2024.

Board members who were employees providing services in respect of the Partnership did not receive any separate compensation for their Board service.

Director Compensation for 2024

During the July 22, 2024 Board meeting a resolution was approved providing that each non-employee director would be granted cash compensation of $66,875 per year (paid on a quarterly basis) and equity awards with a grant date fair value of $66,875. The chairman of each of the audit committee and conflicts committee received additional cash compensation of $10,000 for 2024 (paid on a quarterly basis). In addition, each non-employee director received $1,000 per each Board meeting attended and $500 per each Committee meeting attended.

On July 23, 2024, Messrs. Gannon, Kelso, Kim, Reilly, Topper and Valosky received an award of 3,419 phantom units with a grant date fair value equal to $66,875 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