Genesis Energy grants 72,844 phantom units
SIMS RYAN S reported acquisition or exercise transactions in this Form 4 filing.
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.
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- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Units | 72,844 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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).
- F2. 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.
- F3. 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
Key Terms
Phantom Units financial
distribution equivalent rights financial
vesting date financial
Common Units - Class A financial
FAQ
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What insider transaction did GEL report for Ryan S. Sims?
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When do Ryan S. Sims’s GEL phantom units vest?
Are GEL phantom units paid in cash or common units?
Do GEL phantom units include distribution equivalent rights?
What is the total number of phantom units held by Ryan S. Sims after this grant?
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