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GENESIS ENERGY LP·4

Jul 2, 5:25 PM ET

Davison James E. Jr. 4

4 · GENESIS ENERGY LP · Filed Jul 2, 2026

Research Summary

AI-generated summary of this filing

Updated

Genesis Energy (GEL) Director James Davison Sells 2,388 Shares

What Happened

  • James E. Davison Jr., a director of Genesis Energy LP (GEL), had 2,388 derivative/phantom units settled on 2026-07-01 and those underlying Class A units were disposed back to the issuer at $14.77 per unit, for proceeds of $35,271. On the same date he was also awarded 2,843 new phantom units (a grant/award).

Key Details

  • Transaction date: 2026-07-01.
  • Sale/settlement: 2,388 units disposed to issuer at $14.77 each → total $35,271.
  • Award/grant: 2,843 phantom units granted (no cash price reported).
  • Nature of derivative activity: exercise/conversion of phantom units (cash-settled) and a new phantom unit award.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Filing timeliness: no late-filing flag provided in the excerpt.

Context

  • Footnotes indicate the phantom units were cash-settled: the cash payment is treated as a disposition of the phantom units in exchange for the underlying Class A units, which were simultaneously disposed to the issuer (F1, F2, F5). The cash amount was calculated using the 20-trading-day average closing price before vesting.
  • The award includes tandem distribution-equivalent rights (accrued and paid quarterly) during the vesting period (F6).
  • Several footnotes note potential indirect pecuniary interests via family trusts; the reporting person disclaims beneficial ownership of Trust-held units except to the extent of any pecuniary interest (F3, F4).

This appears to be a routine cash settlement of vested phantom units combined with a new phantom-unit grant rather than an open-market buy or sale.

Insider Transaction Report

Form 4
Period: 2026-07-01
GENESIS ENERGY LPGEL
Davison James E. Jr.
Director
Transactions
  • Exercise/Conversion

    Common Units - Class A

    [F1][F2]
    2026-07-01+2,388→ 3,885,433 total
  • Disposition to Issuer

    Common Units - Class A

    [F1][F2]
    2026-07-01$14.77/sh−2,388$35,271→ 3,883,045 total
  • Exercise/Conversion

    Phantom Units

    [F2]
    2026-07-01−2,388→ 7,225 total
    From: 2026-07-01Exp: 2026-07-01→ Common Units - Class A (2,388 underlying)
  • Award

    Phantom Units

    [F5][F6]
    2026-07-01+2,843→ 10,068 total
    From: 2027-07-01Exp: 2027-07-01→ Common Units - Class A (2,843 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 16 or 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.|2026-07-02

Documents

1 file
  • 4
    wk-form4_1783027551.xmlPrimary

    FORM 4