GASAWAY SHARILYN S 4

4 · GENESIS ENERGY LP · Filed Jul 2, 2026

AI-generated summary of this filing

Updated Jul 2, 2026

Genesis Energy (GEL) Director Sharilyn Gasaway Sells 2,500 Shares

What Happened

Sharilyn S. Gasaway, a director of Genesis Energy LP (GEL), had multiple related transactions on 2026-07-01. The filing reports an exercise/conversion of derivative interests and a disposition to the issuer of 2,500 Common Units - Class A at $14.77 per unit, producing $36,925 in proceeds. The transactions reflect cash settlement of phantom units and the simultaneous acquisition/disposition mechanics described in the filing. The report also shows a grant/award of 2,976 phantom units (derivative) to Gasaway.

Key Details

Transaction date: 2026-07-01 (filed 2026-07-02; filing appears timely)
Sale/disposition: 2,500 Common Units - Class A at $14.77 each, total $36,925 (Disposition to issuer)
Derivative activity: exercise/conversion entries for 2,500 units (acquired) and 2,500 units (disposed) are reported as M-code (derivative exercise/conversion)
Award: 2,976 phantom units granted (A-code); these are derivative-based compensation
Shares owned after transaction: Not disclosed in the filing
Notable footnotes from the filing:
- F1–F3: Phantom units are paid in cash based on the 20-trading-day average closing price before vesting; cash payment is treated as a disposition of the phantom units and as if the underlying common units were acquired and immediately disposed to the issuer.
- F4: The award includes tandem distribution-equivalent rights (quarterly distributions accrue and are paid over the vesting period).

Context

These transactions involve phantom-unit awards and cash settlements rather than an open-market sale to a third party. The filing indicates a cash settlement mechanism (not a market sale), which is common for deferred/phantom unit plans and is treated administratively as an exercise or disposition for reporting. Awards of phantom units (the newly granted 2,976 units) are typically paid in cash on vesting and include accrued distribution equivalents, so they represent compensation rather than a purchase decision.

Form 4

Period: 2026-07-01

Director

Transactions

Exercise/Conversion
Common Units - Class A
[F1][F2]
2026-07-01+2,500→ 290,864 total
Disposition to Issuer
Common Units - Class A
[F1][F2]
2026-07-01$14.77/sh−2,500$36,925→ 288,364 total
Exercise/Conversion
Phantom Units
[F2]
2026-07-01−2,500→ 7,563 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→ 10,539 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

Sharilyn S. Gasaway|2026-07-02

1 file