GEL.NYSEGenesis Energy Lp

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

Sentiment:

SEC Form 4

📋All filings for Genesis Energy Lp
🔒Login to Follow

Director Conrad P. Albert reports changes in beneficial ownership of Genesis Energy LP [GEL] common units and phantom units.

Summary

  • On October 2, 2024, Conrad P. Albert, a director of Genesis Energy LP, reported transactions involving common units Class A and phantom units.
  • Albert acquired 3,140 common units Class A upon the payment of phantom units in cash.
  • Simultaneously, Albert disposed of 3,140 common units Class A to the issuer.
  • The price per common unit in the disposition was $13.1.
  • Following these transactions, Albert directly owns 18,140 common units Class A and indirectly owns 10,904 phantom units.
  • On October 1, 2024, Albert acquired 2,917 phantom units that will be paid in cash based on the average closing price of the Common Units Class A for the 20 trading days immediately prior to the vesting date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company directors.

Stakeholder Impact

  • The transactions provide transparency to shareholders regarding insider activity.

Key Dates

DateDescription
10/01/2024Date of transaction involving phantom units acquisition.
10/02/2024Date of transactions involving common units and phantom units.
10/01/2025Vesting date of phantom units acquired on 10/01/2024.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.