GASAWAY SHARILYN S 4
4 · GENESIS ENERGY LP · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Genesis Energy (GEL) Director Sharilyn Gasaway Sells 2,491 Shares
What Happened
Sharilyn Gasaway, a director of Genesis Energy LP (GEL), had 2,491 Common Units (Class A) settled and disposed to the issuer on April 1, 2026 at $17.88 per unit, generating $44,539 in proceeds. The Form 4 also records the exercise/conversion of derivative interests related to those units and a separate grant of 2,393 phantom units (a derivative award).
Key Details
- Transaction date: 2026-04-01; filing date: 2026-04-02 (timely).
- Disposition: 2,491 units sold to the issuer at $17.88 each, total $44,539.
- Grants/derivatives: 2,393 phantom units awarded (derivative), which will be paid in cash based on a 20-day average price at vesting.
- The filing records exercise/conversion of derivative interests (code M) connected to the settled units and the cash settlement/disposition to the issuer (code D).
- Shares owned after the transaction: not specified in this filing.
- Relevant footnotes: F1–F3 explain phantom units are cash-settled using the 20-trading-day average and such settlements are treated as an acquisition of underlying units and simultaneous disposition to the issuer; F4 notes the award includes tandem distribution-equivalent rights.
Context
This appears to be a routine cash settlement of phantom/derivative awards rather than an open-market sale: phantom units vested/settled for cash (per footnotes) and were exchanged with the issuer. Such settlements are typically part of director compensation and do not necessarily signal a personal view on the company's near-term prospects.
Insider Transaction Report
- Exercise/Conversion
Common Units - Class A
[F1][F2]2026-04-01+2,491→ 290,855 total - Disposition to Issuer
Common Units - Class A
[F1][F2]2026-04-01$17.88/sh−2,491$44,539→ 288,364 total - Exercise/Conversion
Phantom Units
[F2]2026-04-01−2,491→ 7,670 totalFrom: 2026-04-01Exp: 2026-04-01→ Common Units - Class A (2,491 underlying) - Award
Phantom Units
[F3][F4]2026-04-01+2,393→ 10,063 totalFrom: 2027-04-01Exp: 2027-04-01→ Common Units - Class A (2,393 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.