Thompson Frederick Michael 4

What Happened

• Frederick M. Thompson, Senior Vice President and General Manager of Genesis Energy (GEL), received an award of 6,177 phantom units on April 14, 2026. The award is a derivative grant (phantom units) that is cash‑settled; no share purchase or sale occurred and no per‑unit price is reported.

Key Details

• Transaction date: 2026-04-14 (Form 4 filed 2026-05-29).
• Transaction type: A = Award/Grant (derivative — phantom units); amount: 6,177 units; price: N/A (cash‑settled).
• Vesting: Fully vests on April 14, 2029 (third anniversary), subject to continued employment and possible earlier vesting on specified events.
• Distribution rights: Award includes tandem distribution equivalent rights — Thompson will receive cash equal to quarterly distributions on unvested phantom units.
• Shares/units owned after transaction: Not specified in the Form 4.
• Timeliness: The Form 4 was filed ~45 days after the grant date (Apr 14 → filed May 29), which is outside the typical 2-business‑day reporting window for Form 4 filings.

Context

• Phantom units are cash‑settled awards that mirror economic exposure to common units; on vesting (or other payout event) the recipient receives cash based on the common unit closing price on the applicable date.
• This transaction is an executive compensation grant (not a purchase or sale) and does not by itself signal a buy/sell preference by the insider.