Form 4: Genesis Energy LP Director Reports Routine Equity Transactions, Including Phantom Unit Vesting and New Award

A director at Genesis Energy LP reported routine equity transactions, including the vesting of phantom units and a new award, as part of standard compensation disclosures.

Summary

• Director James E. Davison Jr. reported transactions on July 1, 2025, involving Genesis Energy LP Common Units Class A and Phantom Units.
• 2,584 phantom units vested and were paid in cash, based on the average closing price of Common Units Class A for the 20 trading days immediately prior to the vesting date.
• A simultaneous disposition of 2,584 Common Units Class A occurred at a price of $16.54 per unit, representing the cash settlement of the vested phantom units.
• A new award of 2,388 phantom units was granted, which will vest on July 1, 2026, and will also be paid in cash based on the average closing price of Common Units Class A for the 20 trading days prior to its vesting date.
• The newly awarded phantom units include tandem distribution equivalent rights, meaning quarterly distributions paid by the partnership on each Common Unit Class A will be accrued over the vesting period and paid quarterly.
• Following these reported transactions, direct beneficial ownership of Common Units Class A is 3,883,045 units.
• Direct beneficial ownership of phantom units is 11,093 units.
• Indirect beneficial ownership of Common Units Class A includes 446,461 units via James Ellis Davison, III Trust, 446,462 units via Sarah Margaret Davison Trust, 446,460 units via William Charles Davison Trust, and 187,856 units via James E. and Margaret A.B. Davison Special Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 reporting insider transactions, which are routine and do not inherently convey positive or negative sentiment about the company's performance or outlook.

Positives

• Director James E. Davison Jr. received a new award of 2,388 phantom units, aligning his interests with the future performance of Genesis Energy LP.
• The new phantom units include distribution equivalent rights, providing additional income based on quarterly distributions paid by the partnership.

Negatives

• 2,584 Common Units Class A were disposed of at a price of $16.54 per unit as part of the cash settlement for vested phantom units.

Risks

• NA

Future Outlook

Newly awarded phantom units are scheduled to vest on July 1, 2026, and will be paid in cash based on the average closing price of Common Units Class A for the 20 trading days prior to vesting, indicating future compensation and alignment.

Management Comments

• NA

Industry Context

This filing is specific to insider transactions and does not provide broader industry context or trends.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• Indirect beneficial ownership of Common Units Class A is reported through the James Ellis Davison, III Trust, Sarah Margaret Davison Trust, William Charles Davison Trust, and James E. and Margaret A.B. Davison Special Trust. The reporting person disclaims beneficial ownership of these units except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: Provides transparency regarding a director's equity holdings and compensation activities, which is standard for public companies.

Next Steps

• Vesting of 2,388 phantom units on July 1, 2026.

Key Dates

Keywords

SEC Form 4, Insider Trading, Director Transactions, Genesis Energy LP, GEL, Common Units, Phantom Units, Equity Compensation, Beneficial Ownership