Davison James E. Jr. 4

What Happened James E. Davison Jr., a director of Genesis Energy LP (GEL), recorded an acquisition on May 21, 2026 of 1,527,239 Common Units — Class A. The Form 4 reports the transaction with code J (other acquisition or disposition) and lists the price as N/A. This was not an open-market purchase or sale but a reclassification of units from indirect to direct ownership.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (appears filed late vs. the two-business-day requirement).
• Transaction type/code: Other acquisition or disposition (Code J); price: N/A.
• Quantity: 1,527,239 Common Units — Class A converted to direct ownership.
• Effect on holdings: The units were withdrawn from several trusts and contributed cash/other property of equal value to those trusts — resulting in a decrease in units previously reported as indirectly beneficially owned and a corresponding increase in units beneficially owned directly (total economic interest unchanged per filing).
• Footnote: F1 explains the units were withdrawn from the Sarah Margaret Davison Trust, the William Charles Davison Trust, the James Ellis Davison, III Trust, and the James E. and Margaret A.B. Davison Special Trust in exchange for cash and other property of equal value.

Context This was an internal reclassification/transfer of trust-held units to the reporting person’s direct ownership rather than a market buy or sale; such transactions typically reflect estate or ownership-structure changes and do not necessarily signal a change in market sentiment. The late filing may warrant attention — Form 4s are normally due within two business days of the transaction.