Genesis Energy LP: director Gasaway Sharilyn S sold 2,533 shares

What happened

• Gasaway Sharilyn S, a director, exercised or converted derivative phantom units and had a deemed disposition to the issuer of 2,533 Common Units - Class A at $15.08 on Oct 01, 2026, for $38,198. The filing also shows a grant/award of 3,061 phantom units (acquired) on Oct 01, 2026.

Key details

• Transaction date and price: Oct 01, 2026; disposition price $15.08 per share for 2,533 shares (total $38,198). Other derivative entries show price N/A.
• Shares owned after the transaction: not provided in the filing.
• Relevant footnotes:
  • F1: Payment of phantom units in cash is treated as a disposition of phantom units, acquisition of underlying Class A units, and simultaneous disposition of those units to the issuer.
  • F2/F3: Phantom units are or will be paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days before vesting.
  • F4: The award includes tandem distribution equivalent rights; quarterly distributions accrue over the vesting period and are paid quarterly.
• Filing date and timeliness: filed Oct 02, 2026; not filed late.

Why it may matter

• The filing shows exercise/conversion of phantom units and a simultaneous disposition to the issuer, i.e., the exercised units were converted/settled and sold on the same date.
• The filing also shows a new award of phantom units that will vest and be settled under the partnership’s cash-settlement terms and accrual of distribution equivalents.
• The filing does not show why the insider traded or why the company acted.