Form 4: Genesis Energy LP Director Kenneth Jastrow II Reports Changes in Beneficial Ownership

Director Kenneth Jastrow II reports transactions involving Genesis Energy LP's Common Units Class A and Phantom Units, including acquisitions and dispositions related to vesting.

Summary

• On July 3, 2024, Kenneth M. Jastrow II, a director of Genesis Energy LP, reported changes in his beneficial ownership of the company's securities.
• The transactions involved Common Units Class A and Phantom Units.
• Jastrow acquired 3,418 Common Units Class A upon the vesting of Phantom Units.
• Simultaneously, he disposed of 3,418 Common Units Class A to the issuer.
• The price for the disposed units was $13.51.
• Following these transactions, Jastrow directly owns 150,000 Common Units Class A.
• He also holds 8,993 Phantom Units and was awarded 2,800 Phantom Units on July 1, 2024, which will vest on July 1, 2025.
• These Phantom Units will be paid in cash based on the average closing price of the Common Units Class A for the 20 trading days prior to vesting.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. 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 beyond the vesting of the Phantom Units in 2025.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's common for directors to receive equity-based compensation, such as Phantom Units, which vest over time.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director's holdings and compensation.

Key Dates