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 April 1, 2024, Kenneth M. Jastrow II, a director of Genesis Energy LP, reported transactions involving Common Units Class A and Phantom Units.
• Jastrow acquired 2,992 Common Units Class A upon the vesting of Phantom Units.
• Simultaneously, Jastrow disposed of 2,992 Common Units Class A to the issuer at a price of $11.11.
• Following these transactions, Jastrow directly owns 150,000 Common Units Class A.
• Jastrow also holds 12,326 Phantom Units that vested on April 1, 2024, and 15,245 Phantom Units that will vest on April 1, 2025.
• The Phantom Units are paid in cash based on the average closing price of 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, but it does indicate ongoing vesting of phantom units in the future.

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 transactions may have a minor impact on shareholders due to the change in ownership of Common Units Class A.
• The vesting of phantom units impacts the director's compensation.

Key Dates