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Genesis Energy (NYSE: GEL) awards 72,844 phantom units to executive

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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
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""
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SIMS RYAN S

(Last)(First)(Middle)
811 LOUISIANA, SUITE 1200

(Street)
HOUSTON TEXAS 77002

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GENESIS ENERGY LP [ GEL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President & Chief Comm Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Units(1)(2)04/14/2026A72,844(3)04/14/202904/14/2029Common Units - Class A72,844(3)(1)(2)72,844D
Explanation of Responses:
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).
2. 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.
3. 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.
Remarks:
Ryan Sims05/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.