ALBERT CONRAD P 4

4 · GENESIS ENERGY LP · Filed Jul 2, 2026

AI-generated summary of this filing

Updated Jul 2, 2026

Genesis Energy (GEL) Director Albert Conrad Sells 2,500 Units

What Happened

Director Albert Conrad converted/ exercised phantom unit derivatives and sold 2,500 underlying Common Units — Class A to the issuer on July 1, 2026 for $14.77 each, totaling $36,925. The filing also shows a related exercise/conversion entry for derivative units and a grant of 2,976 new phantom units (awarded as a derivative).

Key Details

Transaction date: July 1, 2026; filing date: July 2, 2026 (timely).
Sale: 2,500 Common Units - Class A at $14.77 per unit; proceeds reported $36,925 (disposition to issuer, not an open-market sale).
Award: 2,976 phantom units granted (derivative award).
Shares owned after transaction: not specified in the provided filing summary.
Footnotes: F1–F4 indicate (a) cash payment of phantom units is treated as an exchange for and simultaneous disposition of underlying units to the issuer; (b–c) phantom unit payouts are cash-settled based on the 20-trading-day average closing price prior to vesting; (d) awards include tandem distribution-equivalent rights that accrue and pay distributions over the vesting period.
Transaction type: derivative exercise/cash-settlement and issuer buyback (common for compensation/tax purposes).

Context

This was a cash-settled conversion of phantom (derivative) units with the underlying units surrendered to the partnership for cash — functionally similar to exercising and immediately selling, not an open-market trade. Such transactions typically reflect compensation or vesting mechanics rather than a directional bet on the stock.

Form 4

Period: 2026-07-01

Director

Transactions

Exercise/Conversion
Common Units - Class A
[F1][F2]
2026-07-01+2,500→ 17,500 total
Disposition to Issuer
Common Units - Class A
[F1][F2]
2026-07-01$14.77/sh−2,500$36,925→ 15,000 total
Exercise/Conversion
Phantom Units
[F2]
2026-07-01−2,500→ 7,324 total
From: 2026-07-01Exp: 2026-07-01→ Common Units - Class A (2,500 underlying)
Award
Phantom Units
[F3][F4]
2026-07-01+2,976→ 10,300 total
From: 2027-07-01Exp: 2027-07-01→ Common Units - Class A (2,976 underlying)

Footnotes (4)

[F1]The payment of the phantom units in cash is deemed to be 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.
[F2]Upon vesting, the phantom units were paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the date of vesting.
[F3]The phantom units 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.
[F4]Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the partnership on each Common Unit - Class A will be accrued over the vesting period and paid quarterly.

Signature

Conrad P. Albert|2026-07-02

1 file