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

Director James E. Davison reports changes in beneficial ownership of Genesis Energy LP's Common Units Class A and Phantom Units due to vesting and cash payment of phantom units.

Summary

• On April 1, 2025, James E. Davison, a director of Genesis Energy LP, reported transactions involving Common Units Class A and Phantom Units.
• Davison disposed of 2,643 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.
• This transaction is 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.
• The price per Common Unit Class A in the disposition was $14.35.
• 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 directly owns 8,917 Phantom Units and was awarded 2,372 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 awarded 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: The document is a neutral regulatory filing detailing transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It allows investors to track the buying and selling activity of individuals with privileged information about the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by directors and officers of companies like Enterprise Products Partners (EPD) and MPLX LP (MPLX), which are also major players in the energy infrastructure sector.
• The level of detail provided in this filing is consistent with industry norms for disclosing changes in beneficial ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

beneficial ownership, Genesis Energy LP, GEL, Form 4, director, Davison, Common Units, Phantom Units, securities