Genesis Energy LP: director Kenneth M Jastrow II sold 2,685 shares

What happened

• Kenneth M Jastrow II, a director, exercised or converted derivative awards and sold 2,685 common units to the issuer at $15.08 on Oct 1, 2026 for $40,490. The filing also shows a grant of 3,244 phantom units (derivative award) on the same date.

Key details

• Transaction date(s) and price(s): Oct 1, 2026 — exercised/converted derivatives for 2,685 units (code M, price N/A); disposition to issuer of 2,685 units at $15.08 (code D) for $40,490; grant/award of 3,244 phantom units (code A, price N/A).
• Shares owned after the transaction: not reported in this filing.
• Footnotes from the filing:
  • The payment of phantom units in cash is deemed to be a disposition of the phantom units in exchange for the acquisition of the underlying common units and a simultaneous disposition of the underlying common units to the issuer (F1).
  • Phantom units were or will be paid in cash based on the average closing price of the common units for the 20 trading days immediately prior to the vesting date (F2, F3).
  • The award includes tandem distribution equivalent rights so quarterly distributions accrue over the vesting period and are paid quarterly (F4).
• Form 4 filed Oct 2, 2026.

Why it may matter

• The filing shows a derivative exercise followed by an immediate sale of the resulting units to the issuer (i.e., the exercised units were sold at once / cash settlement).
• The grant reported is a phantom unit award that will be settled in cash based on a 20-trading-day average and includes accrued distribution rights.
• This filing does not show why the insider traded or why the company acted.