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

Director Jack T. Taylor reports changes in beneficial ownership of Genesis Energy LP's Class A Common Units due to the vesting and cash settlement of phantom units.

Summary

• On April 3, 2024, Jack T. Taylor, a director of Genesis Energy LP, reported changes in his beneficial ownership of the company's Class A Common Units.
• The changes resulted from the vesting of 2,727 phantom units, which were settled in cash.
• This transaction is deemed a disposition of the phantom units in exchange for the acquisition of the underlying Common Units Class A and a simultaneous disposition of the underlying Common Units Class A to the issuer.
• Following the transaction, Taylor directly owns 32,865 Class A Common Units.
• Taylor also owns 11,702 phantom units.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded partnerships like Genesis Energy LP.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to executive compensation and does not significantly alter the ownership structure of the company.

Key Dates