Davison James E. Jr. 4

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.