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

Director James E. Davison reports transactions involving Genesis Energy LP's Common Units Class A and Phantom Units, including acquisitions and dispositions, affecting his direct and indirect ownership.

Summary

• On October 2, 2024, James E. Davison, a director of Genesis Energy LP, reported transactions involving Common Units Class A and Phantom Units.
• Davison acquired 2,956 Common Units Class A upon the vesting of Phantom Units, which were then paid out in cash.
• He also disposed of 2,956 Common Units Class A at a price of $13.1.
• Following these transactions, Davison directly owns 2,717,890 Common Units Class A.
• Davison indirectly owns 1,010,835 Common Units Class A through Division Terminal Services, Inc.
• Additionally, Davison acquired 2,778 Phantom Units on October 1, 2024, which will be paid in cash upon vesting based on the average closing price of Common Units Class A.
• He now holds 10,550 Phantom Units.
• These Phantom Units include tandem distribution equivalent rights, accruing quarterly distributions paid by the partnership on each Common Unit Class A over the vesting period.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by an insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies. It provides transparency to investors regarding the trading activities of key personnel.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.

Key Dates