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 April 1, 2024, Jack T. Taylor, a director of Genesis Energy LP, reported changes in beneficial ownership.
• Taylor acquired 2,726 Common Units Class A upon the vesting of phantom units.
• Simultaneously, Taylor disposed of 2,726 Common Units Class A to the issuer at a price of $11.11.
• Following these transactions, Taylor directly owns 32,865 Common Units Class A.
• Taylor also acquired 2,808 Phantom Units that will vest on April 1, 2025.
• These phantom units include tandem distribution equivalent rights, accruing quarterly distributions.
• Following these transactions, Taylor directly owns 14,429 Phantom Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The document does not contain specific forward-looking statements, but it does detail future vesting of phantom units on April 1, 2025.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It allows investors to track the actions of key personnel and their alignment with company performance.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding management's alignment with company performance.
• The vesting of phantom units impacts the director's compensation.

Key Dates