Form 4: Genesis Energy LP Director Albert Conrad P. Reports Changes in Beneficial Ownership

Director Albert Conrad P. reports changes in beneficial ownership of Genesis Energy LP, including the vesting and payment of phantom units in cash and the acquisition of new phantom units.

Summary

• On July 3, 2024, Director Albert Conrad P. reported changes in his beneficial ownership of Genesis Energy LP [GEL].
• These changes involve transactions related to Common Units Class A and Phantom Units.
• Specifically, 3,289 Phantom Units vested and were paid out in cash, resulting in the acquisition of 3,289 Common Units Class A and a simultaneous disposition of the same amount to the issuer.
• The price per Common Unit Class A in the disposition was $13.51.
• Following these transactions, Albert Conrad P. directly owns 18,289 Common Units Class A.
• Additionally, 2,714 new Phantom Units were acquired on July 1, 2024, which will vest on July 1, 2025.
• These new Phantom Units include tandem distribution equivalent rights, accruing quarterly distributions paid by the partnership on each Common Unit Class A over the vesting period.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions without expressing any positive or negative outlook.

Future Outlook

The document outlines the vesting and payment schedule for phantom units, indicating future cash payouts based on the average closing price of Common Units Class A prior to the vesting date.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It allows investors to monitor the actions of key personnel and their alignment with company performance.

Stakeholder Impact

• The transactions reported may provide insights to shareholders regarding insider sentiment and alignment with company performance.

Key Dates