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GENESIS ENERGY LP·4

Apr 2, 4:32 PM ET

Davison James E. Jr. 4

4 · GENESIS ENERGY LP · Filed Apr 2, 2026

Research Summary

AI-generated summary of this filing

Updated

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

What Happened

  • James E. Davison Jr., a director of Genesis Energy LP (GEL), had derivative units converted/paid out and disposed of underlying Common Units on April 1, 2026. The filing shows a disposition of 2,372 Common Units at $17.88 per unit, totaling $42,411. The report also records a grant/award of 2,286 phantom units (derivative award) granted the same date; exercise/conversion line items are reported as N/A for per-share price.

Key Details

  • Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (appears timely).
  • Sale/disposition: 2,372 Common Units @ $17.88 = $42,411.
  • Derivative activity: conversion/exercise entries for 2,372 units (price N/A) and a grant of 2,286 phantom units (award).
  • Footnotes:
    • Phantom units are cash-settled and their cash payment is treated as a disposition of phantom units in exchange for the underlying Common Units and an immediate disposition of those underlying units to the issuer (F1, F2, F5).
    • Phantom units are paid in cash based on the 20-day average closing price before vesting (F2, F5).
    • The award includes tandem distribution-equivalent rights accruing quarterly over the vesting period (F6).
    • Several Common Units reported may be held indirectly by related trusts; the reporting person disclaims beneficial ownership beyond any pecuniary interest (F3, F4).
  • Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

  • This looks like a cash settlement/cashless conversion of phantom/derivative units followed by an immediate disposition to the issuer, rather than an open-market sale — a common form of compensation settlement, not necessarily a market-driven sell signal.
  • The filing also records a new grant of phantom units (cash-settled awards) that will pay based on a 20-trading-day average price when they vest.
  • No indication in the filing excerpt that this was a gift, 10b5-1 plan, or late filing.

Insider Transaction Report

Form 4
Period: 2026-04-01
GENESIS ENERGY LPGEL
Davison James E. Jr.
Director
Transactions
  • Exercise/Conversion

    Common Units - Class A

    [F1][F2]
    2026-04-01+2,372→ 3,885,417 total
  • Disposition to Issuer

    Common Units - Class A

    [F1][F2]
    2026-04-01$17.88/sh−2,372$42,411→ 3,883,045 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

    [F5][F6]
    2026-04-01+2,286→ 9,613 total
    From: 2027-04-01Exp: 2027-04-01→ Common Units - Class A (2,286 underlying)
Holdings

  • Common Units - Class A

    [F3]
    (indirect: By Trust)
    446,461

  • Common Units - Class A

    [F3]
    (indirect: By Trust)
    446,462

  • Common Units - Class A

    [F3]
    (indirect: By Trust)
    446,460

  • Common Units - Class A

    [F4]
    (indirect: By Trust)
    187,856
Footnotes (6)
  • [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]Due to the reporting person's relationship with the beneficiaries and trustees of the Sarah Margaret Davison Trust, the William Charles Davison Trust and the James Ellis Davison, III Trust (collectively, the "Trusts"), the reporting person could be deemed to have an indirect pecuniary interest in the Common Units Class A that are beneficially owned by the Trusts. All Common Units Class A owned by the Trusts are reported on these lines. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
  • [F4]These Common Units Class A are beneficially owned by the James E. and Margaret A.B. Davison Special Trust (the "Special Trust"). The reporting person could be deemed to have an indirect pecuniary interest in such Common Units Class A. All Common Units Class A owned by the Special Trust are reported on this line. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16or for any other purpose.
  • [F5]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.
  • [F6]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, Jr.|2026-04-02

Documents

1 file
  • 4
    wk-form4_1775161921.xmlPrimary

    FORM 4