Taylor Jack T 4

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.