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

James E. Davison, Jr., a director at Genesis Energy LP, reports transactions involving common units and phantom units, indicating changes in his beneficial ownership.

Summary

• On April 1, 2024, James E. Davison, Jr., a director of Genesis Energy LP, reported transactions involving Common Units Class A and Phantom Units.
• The transactions included the vesting and cash payment of 2,660 Phantom Units, which are deemed a disposition of the phantom units in exchange for the acquisition of the underlying Common Units Class A and a simultaneous disposition of the underlying Common Units Class A to the issuer.
• Davison also acquired 2,643 Phantom Units with tandem distribution equivalent rights, vesting on April 1, 2025.
• Following these transactions, Davison directly owns 3,883,045 Common Units Class A.
• Davison also has indirect beneficial ownership of Common Units Class A through various trusts, including the James Ellis Davison, III Trust (446,461 units), the Sarah Margaret Davison Trust (446,462 units), the William Charles Davison Trust (446,460 units), and the James E. and Margaret A.B. Davison Special Trust (187,856 units).

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 any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings and transactions of company directors. It is a standard practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency and compliance with SEC regulations.
• Similar filings are made by directors and officers of companies like Enterprise Products Partners (EPD) and MPLX LP (MPLX) when they engage in transactions involving their company's securities.
• The reporting requirements and timelines are consistent across the industry, as mandated by the SEC.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps maintain investor confidence by ensuring compliance with securities regulations.

Key Dates