Form 4: Genesis Energy LP Director James E. Davison, Jr. Reports Transaction in Common Units
SEC Form 4 Filing
Director James E. Davison, Jr. reports a transaction involving Genesis Energy LP's Common Units Class A and Phantom Units on April 1, 2025.
Summary
- On April 1, 2025, James E. Davison, Jr., a director of Genesis Energy LP, reported a transaction involving Common Units Class A and Phantom Units.
- The transaction involved the vesting of 2,643 Phantom Units, which were paid in cash based on the average closing price of Common Units Class A for the 20 trading days prior to vesting.
- This resulted in a decrease of 2,643 Common Units Class A held directly, with a simultaneous acquisition of 2,372 Phantom Units.
- Following the reported transactions, Davison directly owns 3,883,045 Common Units Class A and 11,289 Phantom Units.
- Davison also has indirect beneficial ownership of Common Units Class A through several trusts: James Ellis Davison, III Trust (446,461 units), Sarah Margaret Davison Trust (446,462 units), William Charles Davison Trust (446,460 units), and James E. and Margaret A.B. Davison Special Trust (187,856 units).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain explicit forward-looking statements, but it does detail the vesting schedule and distribution equivalent rights of the phantom units.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings. This filing indicates the director's ongoing investment in the company.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the director's holdings, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction involving Common Units Class A and Phantom Units. |
| 04/02/2025 | Date of signature for the report. |
| 04/01/2026 | Expiration date of new phantom units. |
Keywords
Genesis Energy LP, GEL, James E. Davison Jr., Form 4, Common Units Class A, Phantom Units, Beneficial Ownership, Director, Transaction
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