Genesis Energy (NYSE: GEL) awards 72,844 phantom units to executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIMS RYAN S reported acquisition or exercise transactions in this Form 4 filing.
Genesis Energy LP reported that President & Chief Commercial Officer Ryan S. Sims received a grant of 72,844 phantom units on April 14, 2026. Each phantom unit is economically equivalent to one common unit and will be paid in cash based on the common unit closing price on the vesting date.
The award vests in full on April 14, 2029, the third anniversary of the grant, if Sims remains employed, with potential earlier vesting under specified events. The grant also includes distribution equivalent rights that pay cash amounts equal to quarterly per‑unit cash distributions on the unvested phantom units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SIMS RYAN S
Role
President & Chief Comm Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 72,844 | $0.00 | -- |
Holdings After Transaction:
Phantom Units — 72,844 shares (Direct, null)
Footnotes (1)
- 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). 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. The reporting person was granted an award of 72,844 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.
Key Figures
Phantom units granted: 72,844 phantom units
Total phantom units after grant: 72,844 phantom units
Exercise/vesting date: April 14, 2029
+2 more
5 metrics
Phantom units granted
72,844 phantom units
Award to President & Chief Commercial Officer on April 14, 2026
Total phantom units after grant
72,844 phantom units
Total phantom unit holdings following the reported transaction
Exercise/vesting date
April 14, 2029
Third anniversary of grant; full vesting date if still employed
Transaction price per unit
$0.0000 per phantom unit
Grant/award acquisition with no purchase price
Underlying common units
72,844 common units
Each phantom unit economically equivalent to one Common Unit - Class A
Key Terms
Phantom Units, distribution equivalent rights, vesting date, Common Units - Class A
4 terms
Phantom Units financial
"Each phantom unit is the economic equivalent of one common unit."
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
distribution equivalent rights financial
"Award includes tandem distribution equivalent rights to receive an amount in cash concurrently with ... the quarterly per common unit cash distribution"
vesting date financial
"will vest fully on April 14, 2029, the third anniversary of the grant date"
Common Units - Class A financial
"underlying_security_title": "Common Units - Class A""
FAQ
What insider transaction did GEL report for Ryan S. Sims?
Genesis Energy LP reported that President & Chief Commercial Officer Ryan S. Sims received a grant of 72,844 phantom units on April 14, 2026. These are cash-settled awards tied to the value of the company’s common units and future distributions.
How many phantom units were granted to the GEL executive?
Ryan S. Sims was granted 72,844 phantom units. Each phantom unit is economically equivalent to one common unit and is designed to be settled in cash, with value based on the closing price at the time of vesting.
When do Ryan S. Sims’s GEL phantom units vest?
The 72,844 phantom units granted to Ryan S. Sims vest fully on April 14, 2029. This date is the third anniversary of the April 14, 2026 grant, assuming he remains employed, with earlier vesting possible under terms in his award agreement.
Are GEL phantom units paid in cash or common units?
These phantom units are paid in cash rather than common units. The cash amount is based on the closing price of Genesis Energy’s common units on the vesting date, or the preceding trading day if that date is not a trading day.
Do GEL phantom units include distribution equivalent rights?
Yes. The award includes tandem distribution equivalent rights paying cash equal to the quarterly per common unit cash distribution. This amount is multiplied by the number of unvested phantom units and is paid concurrently with each distribution by Genesis Energy.
What is the total number of phantom units held by Ryan S. Sims after this grant?
Following this transaction, Ryan S. Sims holds 72,844 phantom units. The Form 4 indicates this full amount as his total phantom unit position after the award, all linked to Genesis Energy’s Class A common units for value determination.