Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 214

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 214
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 the above have a pecuniary interest in all of the common units reported herein.

108 

Securities Authorized for Issuance under Equity Compensation Plans

The following table summarizes information about our equity compensation plans as of December 31, 2024:

    Plan Category
     
    Number of securities tobe issued upon exerciseof outstanding options,warrants and rights (1)

    Weighted-averageexercise price ofoutstanding options,warrants and rights (2)

    Number of securitiesremaining availablefor future issuanceunder equitycompensation plans (3)

    Equity compensation plans approved by security holders

    308,197

    n/a

    1,494,603

    Equity compensation plans not approved by security holders

    —

    —

    —

    Total

    308,197

    n/a

    1,494,603

(1)The amount set forth in this column consists solely of TBUA and PBUAs, assuming a 100% payout at the grant-date 20-day VWAP

(2)Equity awards are not reflected in the weighted exercise price as these awards do not have an exercise price.

(3)Has been reduced by the number of PBUAs assuming a 100% payout at the grant-date 20-day VWAP

See Note 19 to the financial statements for a discussion of the material terms of the Plan.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS, AND DIRECTOR INDEPENDENCE

As of February 21, 2025, the Topper Group beneficially owned or controlled 38.6% of the Partnership’s common units.

As of February 21, 2025, John B. Reilly, III owned or controlled 13.1% of the Partnership’s common units.

The following is a description of related party transactions since January 1, 2024 to which the Partnership was or is a party, in which the amount involved exceeds $120,000 and in which a director, executive officer, holder of more than 5% of our common units or any member of their immediate family had or will have a direct or indirect material interest, other than the arrangements that are described under “Item 11-Potential Payments Upon Termination or Change in Control.” The terms of the transactions and agreements disclosed in this section were determined by and among related parties and, consequently, are not the result of arm’s length negotiations. Such terms are not necessarily at least as favorable to