Rainsberger William W 4

What Happened

• William W. Rainsberger, Senior Vice President – Offshore at Genesis Energy LP (GEL), was granted 13,054 phantom units (derivative award) on April 14, 2026. The award is cash‑settled (no stock issued); payout equals the cash value of common units on the vesting date. No per‑unit price or immediate cash value is reported in the Form 4.

Key Details

• Transaction date: 2026-04-14 (Filed with SEC on 2026-05-13; filing appears late relative to the two-business-day Form 4 deadline).
• Award type: 13,054 phantom units (derivative, cash‑settled).
• Vesting: Fully vests on April 14, 2029 (3‑year cliff), subject to continued employment and earlier vesting upon certain specified events (see footnote F3).
• Distribution rights: Award includes tandem distribution‑equivalent cash rights equal to quarterly cash distributions per unit for unvested phantom units (footnote F2).
• Settlement mechanics: Each phantom unit equals the economic equivalent of one common unit and will be paid in cash based on the closing price on the vesting date (footnote F1).
• Shares owned after transaction: Not specified in the filing.

Context

• This was an equity compensation grant (award), not an open‑market purchase or sale—common for executives and typically intended for retention. Because the units are cash‑settled phantom units, no new common units were issued and no immediate insider purchase/sale signal is implied. The late filing may be worth noting for those tracking insider reporting timeliness.