Form 4: Genesis Energy LP Director Gasaway Reports Transactions in Common Units

Director Sharilyn S. Gasaway reports transactions involving Genesis Energy LP's Common Units Class A and Phantom Units, including acquisitions and dispositions, on April 1, 2024.

Summary

• On April 1, 2024, Sharilyn S. Gasaway, a director of Genesis Energy LP, engaged in transactions involving Common Units Class A and Phantom Units.
• Gasaway acquired 2,992 Common Units Class A upon the payment of phantom units in cash.
• Simultaneously, Gasaway disposed of 2,992 Common Units Class A to the issuer at a price of $11.11.
• Following these transactions, Gasaway directly owns 288,364 Common Units Class A.
• Gasaway also acquired 2,919 Phantom Units, bringing the total number of Phantom Units owned to 15,245.
• These phantom units 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 routine regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's securities. This allows investors to monitor insider activity, which can sometimes provide insights into the company's prospects.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates