Davison James E 4

4 · GENESIS ENERGY LP · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Genesis Energy (GEL) Director James E. Davison Sells 2,372 Shares

What Happened

James E. Davison, a director of Genesis Energy LP (GEL), had 2,372 phantom/common-unit equivalents paid out in cash to the issuer on 2026-04-01. The filing reports a disposition to the issuer of 2,372 units at $17.88 each, totaling $42,411. The filing also shows a simultaneous conversion/exercise of derivative rights and a new grant of 2,286 phantom units (an award/derivative acquisition).
This was a cash settlement with the issuer (not an open-market sale). The phantom units were paid based on the applicable average closing price and replaced by a new award of phantom units that will vest per the award terms.

Key Details

Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely).
Sale/disposition: 2,372 units at $17.88 each, total proceeds $42,411.
Award/grant: 2,286 phantom units granted (derivative; acquisition recorded).
Shares owned after transaction: not disclosed in this filing.
Notable footnotes:
- F1/F2/F4: Phantom units were paid in cash based on the 20‑day average closing price prior to vesting; the cash payment is treated as an exchange for and simultaneous disposition of the underlying Class A common units to the issuer.
- F5: Award includes tandem distribution-equivalent rights (quarterly distributions accrue over vesting and are paid quarterly).
- F3: Reporting person is sole stockholder of Terminal Services, Inc.
Transaction types in filing: M = exercise/conversion of derivative, D = disposition to issuer, A = award/grant.

Context

This was a cash settlement of phantom/unit awards (a common form of director compensation) rather than an open-market sale—so it typically reflects payoff of vested compensation rather than a straightforward insider sell signal.
The filing shows both a cash-out of vested units and a new grant of phantom units, indicating ongoing compensation arrangements.

Form 4

Period: 2026-04-01

Director

Transactions

Exercise/Conversion
Common Units - Class A
[F1][F2]
2026-04-01+2,372→ 2,720,262 total
Disposition to Issuer
Common Units - Class A
[F1][F2]
2026-04-01$17.88/sh−2,372$42,411→ 2,717,890 total
Exercise/Conversion
Phantom Units
[F2]
2026-04-01−2,372→ 7,327 total
From: 2026-04-01Exp: 2026-04-01→ Common Units - Class A (2,372 underlying)
Award
Phantom Units
[F4][F5]
2026-04-01+2,286→ 9,613 total
From: 2027-04-01Exp: 2027-04-01→ Common Units - Class A (2,286 underlying)

Holdings

Footnotes (5)

[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 Reporting Person is the sole stockholder of Terminal Services, Inc.
[F4]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.
[F5]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

James E. Davison|2026-04-02

1 file