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

Conrad P. Albert, a director at Genesis Energy LP, reported transactions involving Common Units Class A and Phantom Units on April 1, 2025.

Summary

• On April 1, 2025, Conrad P. Albert, a director of Genesis Energy LP, filed a Form 4 detailing changes in beneficial ownership.
• The transactions involved Common Units Class A and Phantom Units.
• Albert acquired 2,808 Common Units Class A upon the vesting of Phantom Units.
• Simultaneously, Albert disposed of 2,808 Common Units Class A to the issuer.
• The price of the disposed Common Units Class A was $14.35.
• Following these transactions, Albert directly owns 15,000 Common Units Class A.
• Albert also holds 9,124 Phantom Units and was granted 2,491 additional 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.
• The newly granted 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: This is a neutral document reflecting standard insider trading disclosures. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of insider transactions, required by the SEC to ensure transparency and prevent insider trading. It provides investors with insights into the actions of company insiders, which can be a factor in investment decisions.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, Genesis Energy LP, GEL, Beneficial Ownership, Conrad P. Albert, Common Units Class A, Phantom Units, Director, SEC Filing