Form 4: Genesis Energy Director Gasaway Reports Share Transactions
SEC Form 4 Filing
Director Sharilyn S. Gasaway of Genesis Energy LP reports the acquisition and disposal of common units and phantom units.
Summary
- Sharilyn S. Gasaway, a director at Genesis Energy LP, reported transactions involving the company's common units and phantom units.
- On January 2, 2025, Ms. Gasaway acquired 2,810 common units through the vesting of phantom units.
- Simultaneously, she disposed of 2,810 common units at a price of $10.56 per unit.
- Following these transactions, Ms. Gasaway directly owns 288,364 common units.
- She also holds 8,728 phantom units that vested on January 2, 2025, and 12,579 phantom units that will vest on January 2, 2026.
- The phantom units are paid in cash based on the average closing price of the common units for the 20 trading days prior to vesting.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no positive or negative implications for the company's performance.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions reported are typical for directors who receive equity-based compensation, such as phantom units, which vest over time.
- The reporting requirements are consistent with SEC regulations and are similar to those of other companies listed on US exchanges.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to the vesting of phantom units, a form of compensation for the director.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the reported transactions, including acquisition and disposal of common units and vesting of phantom units. |
| 01/03/2025 | Date the Form 4 was signed by Sharilyn S. Gasaway. |
| 01/02/2026 | Vesting date for 3,851 phantom units. |
Keywords
Genesis Energy LP, GEL, insider trading, Form 4, common units, phantom units, director, Sharilyn S. Gasaway, share transactions
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