Taylor Jack T 4

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.