Genesis Energy LP: director Davison James E. Jr. sold 2,420 shares

What happened

• Davison James E. Jr., a director, exercised or converted derivative/phantom units and immediately disposed of 2,420 Common Units - Class A to the issuer at $15.08 per unit for $36,494 on Oct 1, 2026. The filing also shows an award/grant of 2,924 phantom units on Oct 1, 2026.

Key details

• Transaction date(s) and price(s): Oct 1, 2026 — disposition to issuer of 2,420 shares at $15.08 for $36,494; exercise/conversion entries for 2,420 shares reported (no per-share price listed for the conversion); award of 2,924 phantom units reported (no per-unit price listed).
• Shares owned after the transaction: not stated in the provided filing details.
• Relevant footnotes from the filing:
  • F1: Payment of the phantom units in cash is treated as a disposition of the phantom units in exchange for acquisition of the underlying Common Units - Class A and a simultaneous disposition of those Common Units - Class A to the issuer.
  • F2/F5: Phantom units were/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 vesting.
  • F6: The award includes tandem distribution equivalent rights, with quarterly accruals paid over the vesting period.
  • F3/F4: The reporting person may be deemed to have an indirect pecuniary interest in units owned by certain trusts and disclaims beneficial ownership except to the extent of that pecuniary interest.
• Filing date: Oct 2, 2026 (reporting the Oct 1, 2026 transaction); filing does not indicate a late filing in the provided details.

Why it may matter

• The filings show a derivative/phantom-unit payment converted to units and then disposed to the issuer, effectively a cash settlement and immediate disposition rather than a market sale of previously held shares.
• An award of 2,924 phantom units was also reported; those units include distribution equivalent rights that accrue over the vesting period.
• A filing does not show why the insider traded or why the company acted.