Form 4: Genesis Energy Director Acquires and Disposes of Units in Phantom Unit Transaction

Director Conrad P. Albert engaged in a transaction involving phantom units and common units of Genesis Energy LP on January 2, 2025.

Summary

• On January 2, 2025, Conrad P. Albert, a director at Genesis Energy LP, engaged in a transaction involving phantom units and common units.
• The transaction included the acquisition of 2,704 common units and the simultaneous disposal of 2,704 common units at a price of $10.56.
• This was related to the vesting of phantom units, which were paid in cash based on the average closing price of the common units over the 20 trading days prior to vesting.
• Additionally, 3,732 phantom units were acquired, which will vest on January 2, 2026, and will also be paid in cash based on the average closing price of the common units over the 20 trading days prior to vesting.
• Following these transactions, Mr. Albert directly owns 15,000 common units and indirectly owns 11,932 phantom units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a standard transaction related to executive compensation. It does not indicate any positive or negative sentiment.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when they engage in transactions involving their company's securities. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• The transaction is typical for executive compensation plans that include phantom units, which are often settled in cash based on the company's stock price.
• Similar transactions are common across publicly traded companies, particularly in the energy sector, where equity-based compensation is frequently used to align management interests with shareholder value.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the trading activities of a company director.
• The vesting of phantom units is part of the company's compensation strategy, which can impact employee morale and retention.

Key Dates

Keywords

Genesis Energy LP, phantom units, common units, director transaction, insider trading, Conrad P. Albert, SEC Form 4