Form 4: Genesis Energy LP Director James E. Davison, Jr. Reports Changes in Beneficial Ownership

Director James E. Davison, Jr. reports transactions involving Genesis Energy LP's Common Units Class A and Phantom Units, including acquisitions, dispositions, and vesting.

Summary

• On October 2, 2024, James E. Davison, Jr., a director of Genesis Energy LP, reported transactions involving Common Units Class A and Phantom Units.
• The transactions included the vesting and cash payment of 2,956 Phantom Units, which 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.
• The price of the disposed Common Units Class A was $13.1.
• Davison also acquired 2,778 Phantom Units on October 1, 2024, which 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.
• The report also details the number of Common Units Class A beneficially owned directly and indirectly through various trusts.
• Following the reported transactions, Davison directly owns 3,883,045 Common Units Class A.
• Davison also indirectly owns 446,461 Common Units Class A through the James Ellis Davison, III Trust, 446,462 through the Sarah Margaret Davison Trust, 446,460 through the William Charles Davison Trust, and 187,856 through the James E. and Margaret A.B. Davison Special Trust.
• Davison also directly owns 7,772 Phantom Units and 10,550 Phantom Units.

Sentiment

Score: 5

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

Future Outlook

The 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.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Genesis Energy LP. It provides transparency into the trading activities of the company's directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.
• The transactions may have a minor impact on the overall float of Genesis Energy LP's Common Units Class A.

Key Dates