Genesis Energy SVP granted 7,692 phantom units

NICOL LOUIS V reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

NICOL LOUIS V reported acquisition or exercise transactions in this Form 4 filing.

GENESIS ENERGY LP senior vice president and chief accounting officer Louis V. Nicol received a grant of 7,692 phantom units on April 14, 2026. Each phantom unit is economically equivalent to one common unit and will be settled in cash based on the common unit’s closing price when the award vests on April 14, 2029, subject to continued employment and certain earlier-vesting events. The award also carries cash distribution equivalent rights matching quarterly cash distributions on the underlying common units while the phantom units remain unvested.

Insider Trade Summary

Grant/Award: 7,692 shares

Grant/Award 1 txn

Insider NICOL LOUIS V

Role SVP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Phantom Units	7,692	$0.00	$0.00

Holdings After Transaction: Phantom Units — 7,692 contracts (Direct)

Footnotes (3)

1. 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).
2. 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.
3. F3. The reporting person was granted an award of 7,692 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: 7,692 units Units after transaction: 7,692 units Exercise/vesting date: April 14, 2029 +2 more

5 metrics

Phantom units granted 7,692 units Grant of phantom units on April 14, 2026

Units after transaction 7,692 units Total phantom units held after grant

Exercise/vesting date April 14, 2029 Scheduled full vesting of phantom units

Underlying common units 7,692 units Each phantom unit equals one common unit economically

Transaction price per unit $0.0000 Awarded as compensation, no purchase price

Key Terms

Phantom Units, distribution equivalent rights, vesting date, grant date

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"

vesting date financial

"will vest fully on April 14, 2029, the third anniversary of the grant date"

grant date financial

"granted an award of 7,692 phantom units on April 14, 2026"

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did GEL executive Louis V. Nicol report on this Form 4?

Louis V. Nicol reported receiving a grant of 7,692 phantom units. These units are a form of cash-settled equity-based compensation tied to Genesis Energy LP’s common units, rather than an open-market purchase or sale of existing partnership units.

How many phantom units did the GEL officer receive and when do they vest?

The officer received 7,692 phantom units that fully vest on April 14, 2029. Vesting occurs on the third anniversary of the April 14, 2026 grant date, assuming continued employment and subject to earlier vesting under conditions in the award agreement.

How are the GEL phantom units economically linked to common units?

Each phantom unit is economically equivalent to one common unit of Genesis Energy LP. Upon vesting, the units pay cash based on the common units’ closing price on the vesting date, aligning the executive’s compensation with the partnership’s equity value performance.

Will the GEL phantom units be settled in cash or common units at vesting?

The phantom units will be settled in cash, not in common units. Payment is based on the closing price of Genesis Energy common units on the vesting date, or the immediately preceding trading day if that date is not a trading day.

Do the GEL phantom units include any distribution equivalent rights?

Yes. The award includes distribution equivalent rights that pay cash each quarter. These payments equal the quarterly per-common-unit cash distribution multiplied by the number of unvested phantom units, mirroring cash distributions on actual common units during the vesting period.

Is this GEL Form 4 transaction a market buy or sell of partnership units?

No. This Form 4 reflects a compensation-related grant of phantom units, not a market trade. The transaction code is “A” for award or other acquisition, and no open-market buying or selling of Genesis Energy common units is reported in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/13/2026 - 05:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

NICOL LOUIS V

(Last) (First) (Middle)

811 LOUISIANA ST., 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Accounting 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)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units	(1)(2)	04/14/2026		A		7,692(3)		04/14/2029	04/14/2029	Common Units - Class A	7,692(3)	(1)(2)	7,692	D

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 7,692 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:

	Louis V. Nicol	05/13/2026
	** Signature of Reporting Person	Date
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)