Form 4: Genesis Energy LP Director Davison Reports Transaction in Common Units

Director James E. Davison reports a transaction involving Genesis Energy LP's Common Units Class A and Phantom Units on April 3, 2024.

Summary

• On April 3, 2024, James E. Davison, a director of Genesis Energy LP, reported a transaction involving Common Units Class A.
• Davison acquired 2,566 Common Units Class A through the vesting of Phantom Units.
• Simultaneously, Davison disposed of 2,566 Common Units Class A to the issuer at a price of $11.1.
• Following these transactions, Davison directly owns 2,717,890 Common Units Class A.
• Davison also indirectly owns 1,010,835 Common Units Class A through Terminal Services, Inc.
• The Phantom Units were paid in cash based on the average closing price of the Common Units Class A for the 20 trading days prior to vesting.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of a transaction by a company insider, providing transparency to the market regarding their holdings and transactions in the company's securities.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates