Form 4: Genesis Energy LP Director Jack T. Taylor Reports Changes in Beneficial Ownership

Director Jack T. Taylor reports transactions involving Genesis Energy LP's Common Units Class A and Phantom Units, including acquisitions and dispositions related to vesting.

Summary

• On July 3, 2024, Jack T. Taylor, a director of Genesis Energy LP, reported transactions involving Common Units Class A and Phantom Units.
• Taylor acquired 3,289 Common Units Class A upon vesting of Phantom Units.
• Simultaneously, Taylor disposed of 3,289 Common Units Class A to the issuer at a price of $13.51.
• Following these transactions, Taylor directly owns 32,865 Common Units Class A.
• Taylor also holds 8,413 Phantom Units after the vesting.
• On July 1, 2024, Taylor acquired 2,714 Phantom Units, bringing the total to 11,127 Phantom Units.
• These Phantom Units will be paid in cash based on the average closing price of Common Units Class A prior to the vesting date.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Future Outlook

Future payments for Phantom Units will be in cash based on the average closing price of Common Units Class A prior to the vesting date.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider ownership.

Key Dates