CrossAmerica Partners Announces Director Incentives and Q2 Distributions

Crossamerica Partners (CAPL) has issued an announcement.

CrossAmerica Partners LP has granted phantom units to select Non-Employee Directors under its 2022 Incentive Award Plan, set to fully vest after one year, provided directors continue their service. These grants, effective July 2024, are equivalent to the market value of $66,875 and come with distribution equivalent rights, mirroring the quarterly distributions to common unitholders. Additionally, the Partnership declared a consistent quarterly distribution of $0.525 per unit for Q2 2024, payable to all recorded unitholders in August 2024.

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