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

Director James E. Davison reports changes in beneficial ownership of Genesis Energy LP's Common Units Class A due to phantom unit transactions.

Summary

• On April 1, 2024, James E. Davison, a director of Genesis Energy LP, reported transactions involving Common Units Class A.
• Davison disposed of 2,660 Common Units Class A at a price of $11.11.
• These transactions involved 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.
• Following the reported transactions, Davison directly owns 2,717,890 Common Units Class A and indirectly owns 1,010,835 Common Units Class A through Terminal Services, Inc.
• Davison also holds 13,806 phantom units that 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.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.

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.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates