Jesulaitis Kristen O 4
4 · GENESIS ENERGY LP · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Genesis Energy (GEL) CFO Kristen Jesulaitis Receives Award
What Happened Kristen O. Jesulaitis, Chief Financial Officer & Chief Legal Officer of Genesis Energy LP (GEL), was granted 67,016 phantom units (derivative award) on April 14, 2026. These phantom units are cash‑settled — each unit equals one common unit and will be paid in cash based on the closing price of GEL common units on the vesting date. The filing does not report a per‑unit price or a current dollar value for the grant.
Key Details
- Transaction type: Award/Grant (code A) of 67,016 phantom units on 2026-04-14.
- Vesting: Fully vests on April 14, 2029 (3‑year cliff), provided continued employment; may vest earlier under certain events per the award agreement.
- Cash settlement & distributions: Phantom units pay cash based on closing unit price at vesting (or prior trading day if vesting date not a trading day) and include tandem distribution‑equivalent rights to mirror quarterly cash distributions.
- Shares owned after transaction: Not specified in the Form 4 provided.
- Filing timeliness: Form filed 2026-05-13 for a 2026-04-14 grant — later than the usual 2-business‑day Form 4 deadline; late filing can result in SEC scrutiny or penalties but does not change the nature of the award.
Context: This was a compensation grant (derivative, cash‑settled award), not an open‑market purchase or sale. Such awards are standard executive compensation and do not by themselves indicate a buy/sell signal for the stock.
Insider Transaction Report
- Award
Phantom Units
[F1][F2][F3]2026-04-14+67,016→ 67,016 totalFrom: 2029-04-14Exp: 2029-04-14→ Common Units - Class A (67,016 underlying)
Footnotes (3)
- [F1]Each phantom unit is the economic equivalent of one common unit. The phantom units will be paid in cash based on the closing price of the common units on the vesting date (or, if the vesting date is not a trading day, on the immediately preceding trading day).
- [F2]Award includes tandem distribution equivalent rights to receive an amount in cash concurrently with and equal to the quarterly per common unit cash distribution made by the issuer multiplied by the number of unvested phantom units.
- [F3]The reporting person was granted an award of 67,016 phantom units on April 14, 2026 that will vest fully on April 14, 2029, the third anniversary of the grant date, provided that the reporting person is still employed by the issuer on such vesting date, subject to earlier vesting upon certain events specified in the recipient's award agreement.