Jesulaitis Kristen O 4

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.