Taylor Jack T 4

4 · GENESIS ENERGY LP · Filed Jul 2, 2026

AI-generated summary of this filing

Updated Jul 2, 2026

Genesis Energy (GEL) Director Jack T. Taylor Sells 2,575 Shares, Receives Award

What Happened

Jack T. Taylor, a director of Genesis Energy LP (GEL), had 2,575 phantom/unit-derivative interests settled on July 1, 2026. Those units were effectively converted and immediately disposed to the issuer for cash at $14.77 per unit, generating $38,033. On the same date he was granted 3,065 new phantom units (a derivative award).

Key Details

Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely filing).
Sale/settlement: 2,575 units disposed to the issuer at $14.77/share for $38,033 total.
Award/grant: 3,065 phantom units granted (derivative; no per-share price reported).
Derivative mechanics: Filing shows exercise/conversion of derivative interests (code M) and a simultaneous disposition to the issuer (code D) — the phantom units were cashed out rather than converted into shares held by Taylor.
Shares owned after transaction: Not specified in the provided filing summary.
Relevant footnotes:
- The cash payment represents disposition of phantom units in exchange for and simultaneous sale of the underlying Common Units (F1).
- Settlements are based on the average closing price of GEL Class A common units over the 20 trading days prior to vesting (F2, F3).
- The award includes accrued distribution-equivalent rights paid quarterly during vesting (F4).

Context

These transactions reflect cash settlement of phantom/unit-based awards (not an open-market sale of previously held common units). Cash settlements are routine compensation events and do not necessarily signal a view on the company’s prospects.
For clarity: this was a derivative settlement (phantom units) — the director did not retain newly issued Class A units; the units were paid out in cash calculated from the 20-day average price.

Form 4

Period: 2026-07-01

Director

Transactions

Exercise/Conversion
Common Units - Class A
[F1][F2]
2026-07-01+2,575→ 35,440 total
Disposition to Issuer
Common Units - Class A
[F1][F2]
2026-07-01$14.77/sh−2,575$38,033→ 32,865 total
Exercise/Conversion
Phantom Units
[F2]
2026-07-01−2,575→ 7,550 total
From: 2026-07-01Exp: 2026-07-01→ Common Units - Class A (2,575 underlying)
Award
Phantom Units
[F3][F4]
2026-07-01+3,065→ 10,615 total
From: 2027-07-01Exp: 2027-07-01→ Common Units - Class A (3,065 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.

Signature

Jack T. Taylor|2026-07-02

1 file