Taylor Jack T 4
4 · GENESIS ENERGY LP · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Genesis Energy (GEL) Director Jack T. Taylor Sells 2,570 Shares
What Happened
Jack T. Taylor, a director of Genesis Energy LP (GEL), completed derivative-related transactions on April 1, 2026. He exercised/converted derivative rights covering 2,570 common units and disposed of those 2,570 units to the issuer at $17.88 each for total proceeds of $45,952. At the same time he was credited with a grant/award of 2,464 phantom units (a derivative award).
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (report appears timely).
- Sale to issuer: 2,570 units at $17.88 each; total reported proceeds $45,952.
- Award/grant: 2,464 phantom units were granted/paid (derivative award).
- Filing does not state shares owned after the transactions in the provided text.
- Footnotes: phantom units are cash-settled and valued using the 20-trading-day average closing price prior to vesting (F1–F3). Awards include tandem distribution-equivalent rights accruing quarterly distributions over the vesting period (F4).
Context
This set of entries reflects a cash settlement of derivative/phantom-unit awards and a disposition back to the issuer (not an open-market sale). Cash-settled phantom units and simultaneous disposition to the issuer are typically administrative/tax-settlement events rather than a straightforward insider market sell signal. The filing is factual and does not indicate the director’s motivation.
Insider Transaction Report
- Exercise/Conversion
Common Units - Class A
[F1][F2]2026-04-01+2,570→ 35,435 total - Disposition to Issuer
Common Units - Class A
[F1][F2]2026-04-01$17.88/sh−2,570$45,952→ 32,865 total - Exercise/Conversion
Phantom Units
[F2]2026-04-01−2,570→ 7,661 totalFrom: 2026-04-01Exp: 2026-04-01→ Common Units (2,570 underlying) - Award
Phantom Units
[F3][F4]2026-04-01+2,464→ 10,125 totalFrom: 2027-04-01Exp: 2027-04-01→ Common Units - Class A (2,464 underlying)
Footnotes (4)
- [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]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.
- [F4]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.